Genesis, a bankrupt crypto lender, has agreed to pay $21 million to settle charges brought by the U.S. Securities and Exchange Commission (SEC). The SEC accused Genesis of conducting an unregistered offering of digital asset securities through its online platform.
The settlement comes after the SEC alleged that Genesis had violated federal securities laws by offering and selling digital asset securities without properly registering the offerings. The SEC claimed that Genesis had raised approximately $2.3 billion through its unregistered offerings.
