Its partner company is also accused of illegal sales to hundreds of thousands of investors.
Over the past week, a public feud has erupted between the Winklevoss brothers and Barry Silbert, the chief executive of Digital Currency Group, the parent company of Genesis.
This had a knock-on impact for 340,000 customers using Gemini Earn, leaving them unable to take out their crypto assets. A Digital Currency Group spokesperson rejected the accusations, saying they were "malicious, false and defamatory attacks" and describing them as a "desperate and unconstructive publicity stunt".The SEC regulates financial markets in the US and has enforcement powers to launch civil actions against companies it believes has breached laws.
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