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To clarify, my latest comment didn’t mean to say they weren’t warned. Just the opposite: since they’re being charged now, that contradicts my earlier comment’s
by SilasX 4y ago
To clarify, my latest comment didn’t mean to say they weren’t warned. Just the opposite: since they’re being charged now, that contradicts my earlier comment’s assumption that the SEC hadn’t been warning Gemini somehow.
Also, I don’t think Gemini ever offered 10% rates on any crypto. They were most famous for the ~8% on the Gemini stablecoin. Though this article mentions them taking as much as 4% percentage points as fees in their lending, which was passed through to Genesis, so the latter may have been charging that much.
https://finance.yahoo.com/news/sec-charges-genesis-gemini-with-selling-unregistered-securities-220036368.html https://finance.yahoo.com/news/sec-charges-genesis-gemini-wi...