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Reading Time: 2 minutesDigital Currency Group (DCG) has agreed to pay $38 million to settle SEC charges over its bankrupt subsidiary, Genesis Global Capital The SEC alleged that DCG misled investors about Genesis’s financial health following the collapse of a major borrower in 2022 The settlement resolves claims of negligent misrepresentation and violations of federal securities laws Digital Currency Group has agreed to a $38 million settlement with the Securities and Exchange Commission (SEC) to address charges stemming from the activities of its subsidiary…
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Digital Currency Group Agrees $38 Million Settlement With SEC
Mark Hunter
08:24
Reading Time: 2 minutesDigital Currency Group (DCG) has agreed to pay $38 million to settle SEC charges over its bankrupt subsidiary, Genesis Global Capital The SEC alleged that DCG misled investors about Genesis’s financial health following the collapse of a major borrower in 2022 The settlement resolves claims of negligent misrepresentation and violations of federal
