New York vs DCG/Genesis and Gemini: Kids, kids, you’re both ugly

The New York Attorney General is suing crypto investment fund Genesis, its parent company Digital Currency Group (DCG), and the Gemini crypto exchange for defrauding customers of Gemini Earn.

New York is asking the court to stop all three companies’ business in “securities or commodities” in the state. That’s all but a death sentence — bitcoin is a commodity in the US. The newspapers don’t seem to have noticed that bit.

If you like a deep dive into a long filing, this is worth a read.

This time, we’re over at Amy’s.  [Amy Castor]


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