In a new article, Upstream shines the spotlight on Genesis and Gemini’s SEC charges and the risks of unregulated securities. “Last week, it was reported that through their cryptocurrency loan program, Gemini Earn, Genesis Global Capital LLC, and Gemini Trust Company LLC were charged by the Securities and Exchange Commission ‘SEC’ for soliciting and selling unregistered securities to 340,000 retail investors… It will be eye-opening to see how the two firms and the crypto market as a whole respond to these crackdowns. Much of the industry is still operating in a legal gray area. This news and the overall state of the market continue to generate louder calls for clearer regulatory standards for the blockchain industry. At the end of last year, a national survey from Grayscale, conducted by The Harris Poll on its behalf, found that 81% surveyed agreed there should be clearer cryptocurrency industry regulation,” reads the piece, written by Anastasia Samaras.
The article further explains that companies would do well to take a proactive approach to compliance and delves into the distinction with Upstream. “Upstream’s methodology has always tended to achieve a harmonious balance between traditional and digital market structures. We set out to use technologies to optimize compliance, not replace it, which is proving to be paramount.”
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About Upstream
Upstream’s trading ecosystem is positioned to lead the next generation of blockchain-powered exchanges. Further, Upstream believes that platforms that are forward-thinking when it comes to the changing regulatory landscape will come out on top. Join the future of trading at https://upstream.exchange/.
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