SEC Fines Digital Currency Group $38 Million and Charges Genesis CEO

BTCC / BTCC Square / Global Cryptocurrency /

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2025-01-18 02:28:40

The SEC has imposed a $38 million fine on Digital Currency Group (DCG) and issued a cease-and-desist order against the company. Additionally, former CEO Michael Moro has been fined $500,000. This enforcement action is significant as it may be one of the last under SEC Chairman Gary Gensler, who is set to resign next week. The SEC's order requires DCG to cease any violations of the Securities Act and pay the civil penalty.

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SEC Fines Digital Currency Group $38 Million and Charges Genesis CEO

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