Express
Bloomberg: Celsius, Gemini Trust And Other Crypto Companies Are Under SEC Scrutiny For Their Interest Payments
Summary: The U.S. Securities and Exchange Commission (SEC) is investigating cryptocurrency exchanges Voyager Digital, Gemini Trust, and crypto lending firm Celsius Network’s interest payments business, Bloomberg reported on Wednesday, citing unnamed sources. The SEC’s scrutiny focuses on whether the companies’ offerings should be registered as securities with regulators, the source said. These companies lend the tokens ...
The U.S. Securities and Exchange Commission (SEC) is investigating cryptocurrency exchanges Voyager Digital, Gemini Trust, and crypto lending firm Celsius Network’s interest payments business, Bloomberg reported on Wednesday, citing unnamed sources.
The SEC’s scrutiny focuses on whether the companies’ offerings should be registered as securities with regulators, the source said. These companies lend the tokens to investors and pay the lenders who staking tokens higher interest than most bank savings accounts.
According to Bloomberg, the three companies are cooperating with the SEC’s investigation, and not all investigations lead to enforcement action.
By Mary Liu
Tags: Celsius,Gemini Trust,SEC,Voyager Digital
Link: Bloomberg: Celsius, Gemini Trust And Other Crypto Companies Are Under SEC Scrutiny For Their Interest Payments [Copy]
