First Mover America: Crypto Markets Stay Down After SEC Sues Binance

US Bankruptcy Court Judge Sean Lane extended Mediation period between crypto lender Genesis and its creditors Monday’s hearing escalated tensions over the role Digital Currency Group (DCG), the parent company of Genesis, will play in restructuring the lender. The term which ended last month will now end on June 16. Judge Lane on May 1 appointed a mediator to drive negotiations between the insolvent lender and its creditors, after discussions between the parties broke down earlier this year. Lane said during the hearing, “There are a number of conversations to be had with regard to (the bankruptcy).” “Of course, the challenge is always that you can’t decide everything at once.” Digital Currency Group is also the parent of CoinDesk.