SEC Starts Investigation Into Gemini, Voyager and Celsius Network

Reading Time: < 1 minute

The US Securities and Exchange Commission (SEC) has launched an investigation into the activities of the providers of landing services Voyager, Gemini and Celsius Network regarding the legality of their provision of interest on deposits in digital assets, Bloomberg has reported.

According to the publication, the regulator has said these products are securities and therefore require the appropriate registration. The representatives of the company have confirmed the initiation of the investigation, however, the SEC has not filed specific charges.

In November 2021 it was reported that the SEC had initiated an investigation into BlockFi. Before that happened, the company had already encountered regulatory obstacles from the state authorities.

State regulators in Texas, New Jersey, Alabama and Kentucky made similar accusations agains Celsius Network.