Crypto Thesis for 2023 | Ryan Selkis
Bankless
Navigating the Aftermath: DCG and Cryptocurrency Regulation
This chapter explores the tumultuous state of the Digital Currency Group (DCG) amid the 2022 cryptocurrency market disruptions, focusing on its subsidiary Genesis and the implications for creditors. It delves into the potential outcomes for DCG, including restructuring efforts and the impact of regulatory decisions on entities like the grayscale Bitcoin Trust (GBTC). Additionally, the chapter highlights the shifting landscape of crypto policy in Washington D.C. and the challenges posed by recent events, including the FTX bankruptcy and its effects on the regulatory environment.
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