The USCC Charges in the Crypto Space

The SEC is charging two crypto firms with allegedly selling and offering unregistered security. Gary Gensler in a statement says that today's charges build on previous actions to make clear the marketplace and investing public that crypto lending products need to comply with time tested securities laws. Melissa, it seems kind of odd. It seems like too little, too late. I mean, how long has this program been going on? And here we are, the SEC doing this after this program has effectively shut down. Yeah, absolutely too little too late. If you look at, in terms of customer protection, there's now a class action lawsuit against Gemini because about a billion dollars or so of customer money from Gemini