United States of America: Department of Financial Services investigation into Gemini Trust Company's Earn Program
Progress
Current status
in force
28 Feb 2024 in force
Scope
Implementers
United States of America
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
subnational
Timeline of events
Issued ruling in Department of Financial Services investigation concerning Gemini Trust Company's compliance failures
On 28 February 2024, the New York State Department of Financial Services (DFS) and the Gemini Trust Company, LLC (Gemini) reached a settlement in the investigation into Gemini’s alleged compliance failures. Gemini made a commitment to return at leas…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
other regulatory body