It took longer than it should have, but I am extremely glad that the SEC is going after a lot of these crypto companies.<p>I fell for the Gemini Earn scam like a lot of people did because the 7+% interest on GUSD was extremely enticing and Gemini did some kind of weaselly language to loosely imply that the investments were FDIC backed. Obviously it sucks to be a victim of this stuff, but I did eventually get my GUSD back a few weeks ago after a bit more than 1.5 years in limbo (which I very promptly cashed out and converted back into USD), and I think that's in no small part because of the SEC lawsuit against Gemini.<p>I suspect there are many, many more to come. I feel a lot of these crypto companies are playing fast and loose with vague language and have been able to make promises that would be illegal under traditional banking and securities law.