cryptonews: Gemini exchange co-founder Cameron Winklevoss squared off against the man behind the now-frozen crypto lending platform that has trapped $900 million of Gemini Earn customers' money in a limbo.
from Genesis — which is a wholly owned subsidiary of DCG. The biggest business in DCG's portfolio is its Grayscale Trusts, most notably the Grayscale Bitcoin Trust, which buys and holds Bitcoin and issues shares based on that value. But DCG alsoSaying "this mess is entirely of your own making," Winklevoss added:
It argues that the Gemini Earn accounts were actually unregistered securities — an interpretation the Securities and Exchange Commission has been pushing aggressively for more than a year — that did not have the disclosures to let customers better assess the risk they were taking. And, Winklevoss said, Gemini's patience is wearing out as well. While not actually mentioning the the word lawsuit, he did draw a line in the sand, telling Silbert:
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