US Regulators Start Investigation into Genesis Global Capital

News
Reading Time: < 1 minute

Several US regulators have launched an investigation to find out possible violations of law by Genesis Global Capital, a crypto lending platform.

According to Alabama Securities Commission Director Joseph Borg, the investigation is focused on several companies.

As part of the investigation, multiple regulators will be checking Genesis Global Capital and other firms to see if citizens were involved in investments in crypto-related securities without the corresponding registration.

Remember that Genesis had previously frozen withdrawals and new loans, citing “heightened inquiries” from customers after the FTX collapse.

If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!