Trump Impeachment Lawyer Hired To Defend Barry Silbert-Led DCG In $1.1B Lawsuit
Portfolio Pulse from Mehab Qureshi
Digital Currency Group (DCG) has hired Barry Berke, a white-collar defense lawyer known for his role in the impeachment proceedings against former President Donald Trump, to represent them in a $1.1 billion lawsuit. The lawsuit, filed by New York Attorney General Letitia James, accuses DCG, its affiliate Genesis Global Capital, and the crypto trading platform Gemini Trust of defrauding customers. The lawsuit seeks to ban the companies from the financial investment industry in New York and seeks restitution for investors.
November 02, 2023 | 6:22 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The lawsuit against DCG, Genesis Global Capital, and Gemini Trust could potentially impact the price of Bitcoin (BTC).
The lawsuit against DCG, Genesis Global Capital, and Gemini Trust, if successful, could lead to a ban of these companies from the financial investment industry in New York. This could potentially lead to a decrease in the demand for Bitcoin, thereby affecting its price.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 50