On: Some sketchy behavior coming out of the SEC recent...

[SilasX]

Weird. I’ve been earning yield on the Gemini dollar at Gemini. Are they regulating that as a security?

BlockFi (which I use as well) is also offering similar services and has informed users of ongoing SEC action to classify those offerings as securities. EDIT: actually that’s just state agencies.

[graeme → SilasX]

Thanks for posting that. Does sound like Gemini is doing the same thing. Wonder if they’ll face action?

[Animats → graeme]

Gemini is regulated as a bank/trust company in New York State. Coinbase is not.

[graeme → Animats]

Ah. So, as such, Gemini could offer a security, which Coinbase can not do?