Global #DCG

Digital Currency Group (DCG), a major player in the blockchain investment space, has reported significant progress in addressing its financial obligations.

On Thursday, the SEC made history by approving eight spot Ethereum ETFs from major institutions such as BlackRock, Franklin Templeton, Fidelity, and VanEck. Although these approvals mark a significant regulatory shift, trading can't begin until the S-1 registration statements are approved, which could take several weeks.

In October 2023, the New York Attorney General (NYAG) filed a lawsuit against Genesis, Gemini, and Digital Currency Group (DCG), alleging they fraudulently took more than $1 billion from over 230,000 investors, including 29,000 New Yorkers.

A bankruptcy court has granted approval for Genesis Global, a bankrupt cryptocurrency lender, to distribute approximately $3 billion in cash and cryptocurrency to its creditors.

In response to a lawsuit by New York's Attorney General, Digital Currency Group (DCG), the parent company of insolvent cryptocurrency lender Genesis, has hired its first-ever chief legal officer.