Gemini and SEC Hug It Out: Crypto Lending Drama Nears End
The SEC decided to get involved because Gemini apparently didn’t feel like properly registering its fancy new Gemini Earn lending program before offering it to regular folks. This program, launched in 2021, allowed customers to lend their precious bitcoin and other cryptocurrencies to Genesis Global Capital in exchange for interest rates. Gemini, meanwhile, collected fees as high as 4.29%. A pretty good deal, if you ignore the fact that, you know, it was probably illegal.






