Grayscale’s Parent DCG Hires Top Attorney Barry Berke In NY AG Lawsuit

Grayscale’s Parent DCG Hires Top Attorney Barry Berke In NY AG Lawsuit

Digital Currency Group on Wednesday said it has hired Barry Berke, one of the top attorney in the U.S., to defend against a civil lawsuit filed by New York Attorney General Letitia James.

DCG’s Barry Silbert’s said Berke will help the “meritless” civil lawsuit brought by the New York Attorney General. The lawsuit accused Gemini, Genesis, and DCG of failing to disclose to investors the risk of a crypto-lending program they started in 2021, allegedly defrauding customers of $1.1 billion.

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“It is truly a privilege to represent DCG in the case,” said Barry Berke. He added that the misguided and meritless lawsuit against DCG and Barry Silbert is wrong as a matter of fact and law.

Berke is currently a partner and chair of the litigation department at Kramer Levin law firm. He has represented Fortune 500 companies, technology startups, and individuals in various complex business cases, achieving victories.

Berke also served as an advisor to the US House of Representatives during former President Donald Trump’s two impeachment proceedings. He has also represented former New York City Mayor Bill de Blasio in federal and local investigations.

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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