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Genesis and Gemini Earn structure

The SEC's 2023 complaint described Genesis as borrower and Gemini as customer-facing agent for Earn.

Reference note · Sources below

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In this article
  1. Overview
  2. Why it matters
  3. What to check
  4. Sources

Overview

The SEC's 2023 complaint described Genesis as borrower and Gemini as customer-facing agent for Earn.

Why it matters

Platform, agent, borrower and ultimate counterparties had different duties and exposures.

What to check

Later repayment or dismissal never rewrites the historical withdrawal freeze.

Sources

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