media: American regulators are investigating Genesis Global Capital – Bits Media

According to Barron’s, The Genesis Global Capital Cryptokotite service has become the object of investigation of American regulators in connection with the suspension of withdrawal of funds and the company's liquidity crisis.

The publication reports, that the investigation has become a "part of a wide study The relationship of cryptocurrency firms, Genesis ties with retail investors, as well as possible facts of violation of securities laws, Like Genesis, so by other companies ".

It is still unclear, Whether federal regulators are involved, but, At least, Alabama supervisory departments conduct investigations. They are trying to evaluate, Was Genesis one of those companies, that "seduced residents to invest in the securities associated with cryptocurrencies without proper registration of their proposals". At the same time, state regulators did not respond to Barron’s requests.

Recall, that Genesis Global Capital is a subsidiary of the Digital Currency Group venture company (DGC). Despite the significant DGC resources, recently Genesis was looking for investments in the amount $1 billion for that, To save business. Wherein, As previously reported by WSJ, Binance exchange will not be able to provide financial assistance in connection with a conflict of interest.