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The SEC Sues Gemini/Genesis as SBF Starts a Blog

The SEC claims the Gemini Earn program was an unregistered securities offering.

January 14, 2023
Brett Harrison
Founder and CEO
Architect
Don't miss "FTX: What Happened" with the former president of FTX's U.S. arm and Anthony Scaramucci.
Brett Harrison
Founder and CEO
Architect
Consensus 2023 Logo
Don't miss "FTX: What Happened" with the former president of FTX's U.S. arm and Anthony Scaramucci.

On this edition of the “Weekly Recap,” NLW looks at the Securities and Exchange Commission lawsuit against Gemini and Genesis involving the Gemini Earn program. He also sums up the recent developments around FTX, including $5 billion of recovered funds and Sam Bankman-Fried’s new Substack.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Swoon” by Falls. Image credit: Mark Wilson/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.