By Aislinn Keely (January 17, 2025, 4:41 PM EST) – Crypto venture capital firm Digital Currency Group and the former CEO of its bankrupt lending subsidiary Genesis Global Capital LLC agreed Friday to a combined civil penalty of $38.5 million to settle claims. they misled investors about the financial situation of Genesis before its collapse……
The SEC today filed cease and desist proceedings against Digital Currency Group (DCG) and fined the company $38 million. The agency further fined former Genesis CEO Soichiro “Michael” Moro $500,000. This is potentially the SEC’s final enforcement action before Gary Gensler resigns next week. The SEC finally settles with DCG Digital Currency Group (DCG) has…
Donald Trump, the president-elect of the United States, is set to undertake a major initiative to reform the country’s stance on cryptocurrency. Reports suggest he is considering signing a decree after taking office on January 20. The goal is to prioritize digital assets nationally. A shift towards innovation This is a stark change from the…
South Korea’s largest crypto exchange Upbit has reportedly received a suspension notice from the Financial Services Commission (FSC) for allegedly violating anti-money laundering (AML) and know-your-customer requirements (KYC). Upbit faces suspension of up to 6 months Thursday, the economic newspaper Maeil reported that South Korea’s Financial Intelligence Unit (FIU) has notified crypto exchange Upbit of…
At Thursday’s Senate confirmation hearing, President-elect Donald Trump’s Treasury secretary nominee Scott Bessent rejected the need for a U.S. central bank digital currency (CBDC), allaying concerns from some crypto observers. “I see no reason for the United States to have a central bank digital currency,” Bessent said. Senate Finance Committee. “In my mind, a central…
A crypto investor has filed a class action lawsuit against Pump.Fun, a platform for launching and investing in meme-inspired cryptocurrencies, after suffering trading losses. The plaintiffs are represented by Wolf Popper and Burwick Law, the two firms handling a separate class action brought by investors in December on a memecoin launched by web personality Haliey…
by Kandiss Edwards January 16, 2025 The rapper’s stance toward Trump has softened, and he is a longtime advocate of cryptocurrency. Snoop Dogg is rumored to be performing at the Crypto Ball on January 17 in Washington, DC. The New York Post, which will be held to celebrate President-elect Donald Trump. A flyer for the…
The cryptocurrency community is eagerly awaiting Donald Trump’s inauguration on January 20, seeing it as an opportunity to move beyond the strict regulations it faced under the Biden administration. According to a recent report from the New York Post, President-elect Donald Trump plans to create an “America First” crypto reserve that will focus on US-based…
Malaysia’s prime minister recently announced that the government will study policies to regulate the digital finance sector to improve the country’s outdated financial system, following meetings with the leaders of the United Arab Emirates (UAE) and Changpeng Zhao, the founder of crypto exchange Binance. Prime Minister Discusses Crypto Regulations With Governments of Czech Republic and…
Is it too late to buy Bitcoin? A complete analysis Bitcoin, the first and most widely recognized cryptocurrency, has been at the center of discussions around financial innovation since its inception in 2009. Despite its remarkable growth and high volatility, Bitcoin remains a popular choice among investors and institutions . As its price reaches new…