Gemini

Terra

Spot

James

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/us-treasury-receives-billions-from-crypto-companies/" data-wpel-link="internal">US Treasury Receives Billions from Crypto Companies</a> 
For a while, US public coffers have been filling up with billions of dollars from crypto <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">companies</a>. In fact, saying they are overflowing might be an exaggeration given the rapid increase in US debt. The US, which made a billion-dollar deal with <a href="https://en.coin-turk.com/former-binance-ceo-cz-teases-new-education-project/" data-wpel-link="internal">Binance</a>, also approved a settlement exceeding $4.5 billion with Terraform Labs this week. 
<h2 style="text-align: justify" id="gemini-crypto-exchange">Gemini Crypto Exchange</h2> 
Genesis was the largest crypto lender in 2021 but failed to collect its receivables after the collapse of Terra and others. Subsequently, Gemini couldn’t pay back the balances entrusted to it by its customers for staking income. Gemini, of course, did not inform its customers that their balances were entrusted to Genesis. Frankly, all stakeholders turned the gray area of crypto into a <a href="https://newslinker.co/category/gaming/" target="_blank" rel="noopener" data-wpel-link="exclude">game</a> of silence. Everything came to light in 2022 with the crypto collapse. 
Gemini has now announced that it has agreed to pay $50 million to escape crypto fraud charges filed in New York. Thus, the amount entering the US treasury exceeded $4.6 billion. 
Attorney General Letitia James sued Gemini in October, accusing the platform of lying to 230,000 customers about Gemini Earn (the subject at the beginning). 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-362536 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/BTCUSDT_2024-06-14_19-42-45.png" alt="" width="1814" height="836"> 
Meanwhile, as the article was being prepared, the BTC price dropped to $65,285. Spot sales accelerated on Coinbase and Binance exchanges, and the loss of $66,250 is very concerning for altcoins. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/us-treasury-receives-billions-from-crypto-companies/" data-wpel-link="internal">US Treasury Receives Billions from Crypto Companies</a></h5>

US Treasury Receives Billions from Crypto Companies

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