It rains in the wet. One of the most complex situations in the entire ecosystem Crypto and Bitcoin getting worse. But this time, not from the strictest financial aspect, but from the aspect linked to the rules that must be respected, especially in the United States. In fact, the case Genesis Global Capitalthe company that operates the branch Loans and credits From originwhich is a company in turn part of Digital currency group.
According to the news, it arrived during the night from United StateThere would, in fact, be several US government agencies willing to launch investigations into the company’s activities, suspecting the sale and marketing of tools that they should have followed, investment toolsmany other operations.
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Many US states want to see clearly the lender of bitcoin and cryptocurrency
All of our readers should know about the status quo by now. Genesis Global Capital In a crisis, it has suspended the ability to withdraw for a few days, and is going through a complicated phase of searching for new funds to move forward and overcome what, at least according to the company, may be a temporary liquidity problem.
But it rains in the wet on the worker who lent Bitcoins and cryptocurrencies. According to the news that came from United States of America A few hours ago, there were actually several state authorities who will investigate the nature of these products. it does not arrive BTC dollars and crypto, but on loans that would have been an investment vehicle and therefore had to follow a (complicated) public offering process.
The leader will be there Alabama Securities CommissionKind of CONSOB On the sixteenth, among others, as I mentioned BarronYou will also study the links between the different companies in this field.
In all likelihood, intra-company loans between companies you belong to will all end up under the scrutiny of the authorities Digital currency groupGiant who also controls greyscale and her boxes, including her own 635,000+ bitcoins when you go out. Thus, the situations that could worsen and which must be brought to light as soon as possible, to protect investors, and (this should be the will of the legislator and the authorities) to give strong signal After, after FTX crack.
will you go bankrupt It’s too early to tell
Moment Digital currency group it is very difficult. The group has a huge amount of quotes for him Bitcoin trustswhich are traded at prices 40% less than NAV And the liquidity crisis in one of its subsidiaries seems to leave little room for recovery maneuvers.
However, it seems that the market, at least at this initial stage, has already dismissed the concerns associated with the development of this story and did not react negatively to the news that arrived a few hours ago. However, the truth is that today’s big patient is DCG and all the companies that revolve around it or that are directly controlled by it.
Who talked about the infection effect due to the massive liquefaction of the Alameda And the FTP extension A dish you probably didn’t imagine existed is served. We will continue to follow this story and assess the positions of all subjects involved.