Cryptopolitan
2024-02-27 00:32:58

Court approves SEC settlement with Genesis, paving way for $21M agreement

The Securities and Exchange Commission’s (SEC) settlement with Genesis was approved by Judge Sean Lane on Monday, thus marking a significant moment in the ongoing legal proceedings surrounding the bankrupt lender. Unopposed at the hearing, this court sanction deems the agreement a “reasonable settlement,” potentially obligating Genesis to pay up to $21 million, contingent upon

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