Gemini Investigated by NY Regulator Over FDIC Claims: Report

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.Gemini reportedly implied to customers that assets in its Earn product were safely backed by the Federal Deposit Insurance Corp. But what was FDICgov actually covering for Gemini? Watch the State of Crypto, presented by trondao:

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Gemini FDICgov trondao I expect to get my crypto back mfers .. I’m going in a trade war with China in 2025 … I need my soilders back Gemini DCGco GenesisTrading cameron tyler

Gemini FDICgov trondao I thought FDIC didn’t cover crypto? 🤔

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New York financial regulator investigates Gemini over FDIC claims: ReportGemini was reportedly facing additional legal scrutiny related to its Earn program following the bankruptcy of Genesis and allegations lobbed at the Digital Currency Group. It's unclear if Gemini may have violated federal laws due to some customers seemingly taking away that the FDIC protected Earn products rather than assets held at financial institutions that are subject to such insurance. Stop with the FUD How long can Gemini stand?
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Aussie regulator flagged concerns about FTX months before collapse: ReportAfter FTX initiated a takeover of another company to acquire its financial license in Australia, the country’s regulator reportedly began to monitor the crypto exchange. The Five Eyes are surveilling every major crypto exchange because they hate crypto, not because they're investigating. You have proven to me that you are genuine and i can trust you with my last dime protraderjason thanks for the payouts After its collapse, FTX's Australian subsidiary was under surveillance by Australian regulators for at least eight months.
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