United States of America: SEC investigation into Digital Currency Group and Former CEO of Genesis Global Capital for allegedly misleading investors
Progress
Current status
under investigation
17 Jan 2025 under investigation
Scope
Implementers
United States of America
Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
SEC issued cease-and-desist order to Digital Currency Group and former CEO of Genesis Global Capital for misleading investors
On 17 January 2025, the Securities and Exchange Commission (SEC) brought charges against Digital Currency Group (DCG) and Soichiro Moro, the former CEO of Genesis Global Capital, a now-defunct DCG subsidiary, for allegedly misleading investors about…
SourceEvent type
investigation
Action type
interim ruling
Government branch
executive
Government body
other regulatory body