DCG and former Genesis CEO reach a $38.50 million settlement agreement with the SEC.

DCG and former Genesis CEO Michael Moro have agreed to pay $38.5 million to the SEC to settle charges of securities fraud. This settlement resolves allegations related to their involvement in misleading investors. Michael Moro, who was a panel speaker at Coindesk Invest Asia 2019, was the CEO of Genesis Global Trading, Inc. at the time of the alleged misconduct.