American regulators to investigate Genesis and other crypto firms

Cointelegraph

Published Nov 25, 2022 04:00PM ET

Updated Nov 25, 2022 05:40PM ET

Cryptocurrency lending firm Genesis Global Capital and other crypto firms are under investigation by securities regulators in the United States, according to reports on Nov. 25.

Joseph Borg, Alabama Securities Commission Director, confirmed that its state and several other states are participating in inquiries regarding Genesis' alleged ties to retail investors, including if Genesis and other crypto firms might have violated securities laws, Barron's reported. It is still unclear what other companies are being investigated.

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