• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

SEC and Digital Currency Group: Settlement and $38 Million Penalty

user avatar

by Giorgi Kostiuk

a year ago


The SEC filed a lawsuit against Digital Currency Group for concealing information about their ties with the bankrupt fund Three Arrows Capital. DCG agreed to a settlement of $38 million.

Settlement with SEC

According to the lawsuit, DCG offered a settlement and agreed to pay $38 million. The SEC alleged that DCG misled investors about their funds and actions following Three Arrows' collapse. DCG did not admit to the allegations.

SEC's Allegations Against DCG

The SEC alleges that DCG and its subsidiary Genesis knowingly downplayed the scale of financial losses and misled investors. The SEC claims that DCG failed to take appropriate actions to prevent false statements about Genesis' financial health. Quote is absent.

Discussions Around SEC Actions

The SEC's actions have sparked discussions among cryptocurrency industry experts, many of whom see it as a reaction rather than a solution. This highlights the importance of transparency in the digital asset industry and regulators' efforts to protect investors.

The case against DCG underscores increasing concerns about transparency and accountability in the cryptocurrency industry. The SEC settlement demonstrates a commitment to addressing potential risks and protecting investor interests.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Trump Proposes 10% Interest Rate Cap on Credit Cards

chest

Donald Trump has proposed a 10% cap on credit card interest rates for one year starting January 20, 2026, aiming to prevent high-interest charges by lenders.

user avatarRajesh Kumar

New Wallets Place $23,000 Bet on Israel-Iran Conflict

chest

Two newly created wallets placed a $23,000 bet on a prediction market contract forecasting an Israeli attack on Iran by January 31, 2026.

user avatarLucas Weissmann

Major Providers and Features of Stablecoin Cards

chest

Stablecoin cards are gaining traction globally, supported by major providers such as Visa and Mastercard, offering users faster and more accessible payment options.

user avatarFilippo Romano

SPX6900 Shows Signs of Recovery with Double Bottom Pattern

chest

SPX6900 is showing signs of recovery with a classic double bottom pattern indicating potential accumulation.

user avatarEmily Carter

Kidd Outlines Ripple's Vision for Blockchain Banking

chest

Greg Kidd outlines Ripple's vision for modernizing traditional banking through blockchain technology at the XRP Las Vegas conference.

user avatarTomas Novak

Greg Kidd Discusses Key Factors for XRP's Sustained Relevance

chest

Greg Kidd emphasizes the importance of liquidity and supply dynamics for XRP's functionality within the Ripple ecosystem.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.