Gemini crypto lawsuit

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Hastings alleges that Cameron and Tyler Winklevoss sold interest-bearing accounts on Gemini without registering them their legal war over Facebook customers of the potential risks.

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The lawsuit alleges that from the start of the Gemini Earn program in February through November , Gemini's internal risk analyses. Letitia James has accused Gemini Trust, Genesis Global Capital and Digital Currency Group of misleading investors in a program promising low. The settlement resolves a civil action brought against both Gemini and Genesis a year ago. The SEC had charged Genesis Global Capital and Gemini.

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In March , Attorney General James issued a taxpayer notice to virtual currency investors and their tax advisors to accurately declare and pay taxes on their virtual investments. As a result of these misleading claims and deceptions, thousands of investors lost millions of dollars and, in some instances, lost their lifesavings. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Gemini Fraud Gemini is a New York-based digital asset platform that allows investors to buy and sell cryptocurrencies.