Digital Currency Group files motion to dismiss NYAG criminal suit. This move comes after prolonged civil disputes between DCG subsidiary Genesis and a former business partner.,

Digital Currency Group Seeks Dismissal of NYAG Criminal Suit

Overview

Digital Currency Group (DCG) has filed a motion to dismiss the New York Attorney General’s (NYAG) criminal suit against the company. This latest development follows a series of civil disputes involving DCG subsidiary Genesis and a former business partner.

Motion to Dismiss

DCG’s decision to file a motion to dismiss the NYAG criminal suit underscores the company’s stance on the matter. The move signals DCG’s willingness to challenge the allegations brought forth by the NYAG.

Civil Disputes

Prior to the criminal suit, DCG subsidiary Genesis was embroiled in prolonged civil disputes with a former business partner. These disputes likely set the stage for the current legal proceedings involving the NYAG.

Summary

DCG’s recent filing of a motion to dismiss the NYAG criminal suit sheds light on the ongoing legal challenges facing the company. The outcome of this legal battle will likely have significant implications for DCG and its subsidiary Genesis.