Lawmakers in South Carolina asked cryptocurrency cloud mining platform Genesis Mining to leave the state due to selling “unlicensed securities” Friday, March 9.

A cease and desist order filed by the South Carolina Attorney General's Office Securities Division claims Genesis, which is registered in Hong Kong, along with Zurich-based partner enterprise Swiss Gold Global, illegally served residents with unregistered mining contracts.

“At no time... was Swiss Gold Global registered with the Division as a broker-dealer, and no exemption from registration has been claimed,” the order reads.

Source - https://cointelegraph.com/news/south-carolina-wants-to-ban-genesis-mining-over-unregistered-securities