New York Attorney General Letitia James has upped the ante in her lawsuit against crypto firms Gemini Trust and Digital Currency Group (DCG), aiming for $3 billion in damages. Initially valued at $1.1 billion, the lawsuit claims that Gemini and DCG misled investors about the ease of withdrawing funds from Gemini Earn and the stability of Genesis Capital. With the number of affected investors swelling to  230,000, James is pushing for stricter regulations for cryptocurrencies. Simultaneously, Genesis is grappling with its own financial issues and has recently prevailed in a legal dispute with Gemini over share ownership. The legal battles could shape the future regulatory landscape for digital currencies, with calls for a balanced approach that safeguards investors while fostering innovation.
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