Genesis lawsuit alleges DCG ‘alter ego’ scheme, ignored warnings
A lawsuit against DCG alleges executives ignored warnings about financial mismanagement at Genesis, with internal memos showing awareness of legal risks and a ‘culture of submission’ among employees.
Genesis lawsuit alleges DCG ‘alter ego’ scheme, ignored warnings, scripted lies
A lawsuit against DCG alleges executives ignored warnings about Genesis’ financial risks, prepared for legal fallout, and created a toxic culture prioritizing DCG’s interests over proper governance.
BTC, ETH News: NYSE Tweaks Rule to List Trump Media’s Bitcoin-Ethereum ETF
NYSE seeks rule change to list Trump Media’s Bitcoin-Ethereum ETF, a 3:1 ratio fund custodied by Crypto.com, part of broader crypto product plans.
Japan Eyes Crypto ETFs And 20% Taxes With New Proposal
Japan’s FSA proposes reclassifying crypto as financial products, potentially lowering taxes to 20% and allowing crypto ETFs, aiming to boost investment and Web3 development.
Arizona House Clears Bitcoin Reserve Bill Funded by Seized Crypto – Decrypt
Arizona House passed HB 2324, creating a state-run Bitcoin reserve funded by seized crypto. The bill sets rules for handling digital assets from criminal cases, following a similar law signed in May.
South Korea’s central bank wants gradual stablecoin rollout
South Korea’s central bank proposes a gradual stablecoin rollout, initially through regulated banks, to ensure safety and manage risks like capital outflows and foreign exchange concerns.
Stablecoin Issuance Should Begin With Banks, Says BOK Official – Decrypt
Bank of Korea officials propose banks lead stablecoin issuance to mitigate risks before expanding to non-banking sectors, amid concerns over capital outflows and FX management.
Arizona Bitcoin Reserve bill HB2324 passes House, heads to Governor Hobbs for signature
Arizona’s HB2324 bill, allowing a state-managed Bitcoin reserve from seized assets, passed the House and awaits Governor Hobbs’ signature to become law.
Eight Korean Banks Join to Establish Won-Backed Stablecoin
Eight major South Korean banks form a consortium to launch won-backed stablecoins, supported by regulatory bodies and marking private sector’s serious crypto engagement.
New bill targets Trump’s crypto empire – Will COIN Act put a ‘stop to this corruption?’
Senator Schiff introduces the COIN Act to restrict Trump and officials from crypto activities, citing corruption concerns over Trump’s $1 billion crypto ventures and conflict of interest issues.
