DCG Cannot Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules

Tyler Spalding, CEO / Co-Founder, Flexa, 2Chainz and Zack Seward, Deputy Editor-in-Chief, CoinDesk

The carryforwards can be used to decrease Genesis’ federal income tax liability in current and future years, the motion said, adding that could “translate into future tax savings that would enhance the Debtors’ cash position for the benefit of all parties in interest and contribute to a successful reorganization.”

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