United States of America: Announced AG amended public lawsuit against cryptocurrency companies Gemini, Genesis and DCG for allegedly defrauding investors
Description
Announced AG amended 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…
Scope
Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
subnational
Government Branch
executive
Government Body
other regulatory body
Complete timeline of this policy change
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2023-10-19
under deliberation
2024-02-09
under deliberation
2024-05-20
in force