• 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

5 months 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

Share

Other news

Top 4 Altcoins for Investment in 2025

An overview of the dynamic shifts in the crypto market as of June 2025, emphasizing top altcoins for investment.

user avatarGiorgi Kostiuk

29 minutes ago

Four Cryptocurrencies to Watch in 2025: BlockDAG, Dogecoin, TRON, and Hyperliquid

An analysis of the leading cryptocurrencies in 2025, focusing on BlockDAG, Dogecoin, TRON, and Hyperliquid, their current status, and market predictions.

user avatarGiorgi Kostiuk

30 minutes ago

Approval of ISO 20022 Changes Could Change Ripple and XRP's Future

Recent approval of ISO 20022 changes aims at integrating Ripple's Interledger protocol, which may influence XRP usage.

user avatarGiorgi Kostiuk

31 minutes ago

BlockDAG, Toncoin, TRON, & SUI: Popular Coins Overview

An overview of popular cryptocurrencies: BlockDAG, Toncoin, TRON, and Sui, highlighting their key features.

user avatarGiorgi Kostiuk

31 minutes ago

Zebec Network Expands Compliance Capabilities Through Gatenox Acquisition

Zebec Network strengthens its compliance position by integrating Gatenox to adapt to international regulations.

user avatarGiorgi Kostiuk

2 hours ago

Ruvi AI Raises $1.5 Million in Presale in Two Months

Ruvi AI has raised $1.5 million in presale and introduced unique solutions in healthcare, logistics, and finance.

user avatarGiorgi Kostiuk

2 hours ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.