Gemini Opposes Deceptive Genesis Proposal by DCG

• Gemini has accused the Digital Currency Group (DCG) of presenting a misleading proposal to creditors.
• The dispute revolves around the recovery rates promised by DCG, which Gemini considers dishonest.
• Gemini's legal team has presented a scathing rebuttal to DCG's plan, characterizing it as a manipulation attempt.
• The conflict between Gemini and DCG originates in the Genesis-funded Gemini Earn program.
• Gemini has filed a lawsuit against DCG, claiming $1,100,000,000 on behalf of Earn users and alleging fraud.
• The U.S. Securities and Exchange Commission has filed a civil complaint against Gemini and Genesis for possible unregistered sales of securities.
• DCG has proposed to renegotiate provisions of a $630 million loan between Genesis and DCG.
• The next phase is a crucial vote by DCG's creditors that will determine the plan's fate.

The article portrays a negative sentiment, highlighting the dispute and allegations between Gemini and DCG, as well as the involvement of the U.S. Securities and Exchange Commission.