The post Gemini Exchange Responds to SEC Lawsuit: Dismissal Motion Filed appeared first on Coinpedia Fintech News
After Coinbase and Binance, Gemini too followed suit by filing a response to dismiss a lawsuit initiated by the U.S. Securities and Exchange Commission (SEC). In the lawsuit, SEC has claimed that Gemini’s service called “Gemini Earn,” which facilitates lending digital assets such as Bitcoin to Genesis, is violating securities regulations by offering unregistered securities.
To reject SEC’s claim, Gemini has filed a brief outlining its argument for dismissal. The crypto exchange claims that the SEC has failed to present a clear case. Like Coinbase they have a similar notion where they want to dismiss the motion because SEC has not laid any valid classification that may constitute what comes under “Security”. Treating everything as securities is vague and unjustified.
Gemini’s cross-motion transpired from the fact that SEC should focus on asking straightforwar
We współpracy z: https://coinpedia.org/news/gemini-exchange-responds-to-sec-lawsuit-dismissal-motion-filed/
