213 The Securities and Exchange Commission (SEC) has charged cryptocurrency exchanges Genesis and Gemini with selling unregistered securities in violation of federal law. The SEC alleges that both exchanges offered and sold digital asset securities without registering the offerings with the SEC, and without qualifying for an exemption from registration. If found guilty, the exchanges could face significant fines and penalties, and may even be forced to shut down operations. The charges come as regulators around the world are increasing their scrutiny of the cryptocurrency industry, and highlight the need for greater oversight and regulation in the space. You Might Be Interested In Wall Street Concludes Sharply Lower Amid Mixed Earnings, Persistent Inflation, and Geopolitical Concerns GJEPC: Israel-Palestine Conflict Unlikely to Affect Gem and Jewellery Sector Walmart Wins Investors with E-Commerce Edge: Here’s What’s Driving Growth UK-Pakistan Inward Trade Mission Visits SCCI Why Ambarella’s 20% Decline is a Strong Signal for New Investment Goldman Sachs Set to Announce Third-Quarter Earnings, Analysts Await Insights on Investment Banking Outlook
