Genesis and Gemini Charged

by the SEC, as America’s focus on regulating crypto intensifies. About a one minute read.

Comment: long time readers will be familiar with my pro regulatory position on crypto; for far too long we’ve seen abuse of customers (read this article and see how these firms took 4% fees for themselves) rug pulls and all sorts of unacceptable behaviour. We urgently need regulations supporting custody as I know (from my industry contacts) banks want to provide custody services. I don’t hold my stock certificates and I don’t want to hold crypto either.