Crypto lender Genesis, which filed for bankruptcy, has requested a 100-day extension to its exclusivity period for its reorganization plan. The lender cited the need to achieve a value-maximizing restructuring without the interruption of a competing plan, given the size and complexity of its case. Genesis also highlighted the evolving regulatory regime in the digital assets industry as a factor to be considered. Meanwhile, crypto exchange Gemini said that Digital Currency Group (DCG), the bankrupt lender's parent company, missed a $630 million payment due to its subsidiary last week.
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