SEC Ups Ante in Crypto Crackdown by Suing Genesis and Gemini

Also, McHenry names chairs of financial services subcommittees; SBF alleges conflicts at Sullivan & Cromwell

Breaking News: For months, Gary Gensler has been hinting that the SEC was about to drop a big crypto case – and today it came. The agency accused Genesis Global Capital and Gemini Trust of raising billions of dollars by selling unregistered securities to retail investors. 

Genesis is a unit of Digital Currency Group – a massive player that serves as a so…