Genesis files for bankruptcy, following on from Celsius, BlockFi, FTX, 3Arrows Capital... with DCG clearly having some issues.
Also, the incompetence of the SEC has achieved levels previously unheard of in modern civilization... finding Nexo's Earn product (interest-bearing crypto accounts) to be, well, not finding them to be anything so long as Nexo coughed up almost $50MM in total to state regulators and the SEC.
The SEC to Crypto is like FTX's Caroline Ellison: incompetent, unwanted, and a stain on the sheets of civility.
![](https://s2.save4k.ru/pic/MIScMlHJfzI/maxresdefault.jpg)