Gemini Trust Co., a leading cryptocurrency platform, has initiated legal action against the now-insolvent crypto lender, Genesis Global Holdco LLC. The litigation revolves around the rightful ownership of Grayscale Bitcoin Trust shares, currently valued at nearly $1.6 billion, Bloomberg reported. Gemini’s move to the courts, spotlighted just weeks ahead of Benzinga’s Future of Digital Assets conference on Nov. 14, seeks a judicial declaration. The firm wants affirmation that Genesis holds no entitlement to over 60 million GBTC shares, initially pledged as collateral to patrons of Gemini’s Earn…