United States of America: Reached settlement with Genesis in AG public lawsuit against cryptocurrency companies Gemini, Genesis and DCG for allegedly defrauding investors
Description
Reached settlement with Genesis in AG public lawsuit against cryptocurrency companies Gemini, Genesis and DCG for allegedly defrauding investors
On 20 May 2024, the New York State Attorney General (AG) announced a settlement reached with Genesis in their public lawsuit against the cryptocurrency companies Gemini, Genesis, and DCG, for alleged investor fraud. As part of the settlement, a Vict…
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
judiciary
Government Body
other regulatory body
Complete timeline of this policy change
Hide details
2023-10-19
under deliberation
2024-02-09
under deliberation
2024-05-20
in force