Gemini and Genesis’ suitable troubles stand to shake up industry additional

Gemini and Genesis’ factual troubles stand to shake up industry further

With investor self belief seemingly at an all-time low as a result of the present slew of insolvencies, a recent saga looks to be now unfolding in real time. This one entails crypto exchange Gemini’s Winklevoss twins and Barry Silbert, CEO of Digital Currency Team (DCG) — the parent agency within the encourage of crypto market maker and lender Genesis.

On Jan. 2, Cameron Winklevoss posted an originate letter to Barry Silbert reminding him of the truth that it had been “47 days since Genesis halted withdrawals” while additionally providing a blunt, seemingly confrontational overview of DCG’s present business practices:

Tensions had been mounting

Gemini terminates Map program with Genesis

SEC costs Genesis and Gemini

<em>Gensler testifying before a Congressional oversight committee. Source: Reuters/Evelyn Hockstein</em>

Rocky avenue forward

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