SEC Cracks Down On Digital Currency Group: $38 Million Civil Penalty For ‘Misleading Investors’
The US Securities and Exchange Commission (SEC) has initiated formal cease-and-desist proceedings against venture capital firm Digital Currency Group (DCG) due to its alleged negligent conduct in relation to a lending program offered by its subsidiary, Genesis Global Capital (GGC). This action arises from findings that Digital Currency Group “misled investors” about Genesis Global Capital’s … Read more