BREAKDOWN: Would a Genesis/DCG Deal With Creditors End the Crypto Contagion?

According to sources, an in-principle agreement has been reached.

Today on “The Breakdown,” NLW catches up on 2022 fallout, including:

The White House letter about crypto from last weekFTX hearing on whether to appoint an independent examinerBinance temporarily suspending USD deposits and withdrawals Reports of an agreement between Genesis/DCG and major creditors 

(Genesis and CoinDesk are both subsidiaries of DCG.)

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Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: A Mokhtari/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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