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SBF Declines a Congressional Invite; Alameda CEO Is Seen in New York City

The Breakdown

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Is Genesis Going Under or Are They Going to Get Out of This Alive?

Last week, the Financial Times reported that customers at Gemini Earn had sought legal representation for negotiations with Genesis. The second group of Genesis creditors with loans amounting to an additional $900 million are now being represented by law firm ProScour Rose according to CoinDesk sources. On Sunday, Masari's Ryan Selkis walked back, some research that he and Masari had shared last week suggesting that things might not be as bad or at least would be survivable over at DCG.

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