United States of America: AG public lawsuit against cryptocurrency companies Gemini, Genesis and DCG for allegedly defrauding investors

Progress

Current status
under deliberation
09 Feb 2024 under deliberation
19 Oct 2023 under deliberation

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
subnational

Timeline of events

09 Feb 2024
under deliberation

Announced AG amending public lawsuit against cryptocurrency companies Gemini, Genesis and DCG for allegedly defrauding investors

On 9 February 2024, the New York Attorney General filed an amended complaint, expanding the lawsuit against Digital Currency Group, Inc. (DCG), its CEO, Genesis Global Capital, LLC, and its affiliates. The amended complaint alleges that these entiti…

Source
Event type public lawsuit
Action type announcement
Government branch executive
Government body other regulatory body
19 Oct 2023
under deliberation

Announced AG public lawsuit against cryptocurrency companies Gemini, Genesis and DCG for allegedly defrauding investors

On 19 October 2023, the New York Attorney General (AG) filed a lawsuit against cryptocurrency companies Gemini, Genesis, and DCG for allegedly defrauding investors. Gemini Trust Company (Gemini), Genesis Global Capital, LLC and its affiliates (Genes…

Source
Event type public lawsuit
Action type announcement
Government branch executive
Government body other regulatory body