New York Attorney General Letitia James has reportedly launched an investigation into Digital Currency Group (DCG), the parent company of Genesis, a cryptocurrency firm that has been facing financial troubles.
Alleged Investigation Into Digital Currency Group Business Practices And Compliance
According to reports circulating on social media platform X, formerly known as Twitter, the investigation is said to be focused on DCG’s business practices and compliance with state regulations. The New York Attorney General’s office has not yet confirmed the investigation, and DCG has not stated the matter.
Genesis, which is a subsidiary of Digital Currency Group, has faced several challenges in recent months. In June, the firm announced that it would be winding down its lending business, citing regulatory concerns. The move came after the U.S. Securities and Exchange Commission (SEC) reportedly sent a letter to the firm questioning its…
