Cryptocurrency news by Protos

Scoop: Larry Summers gives up advisory role at crypto firm DCG amid criticism


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Larry Summers, the Harvard professor and former top financial advisor during the Obama administration, has cut ties with troubled crypto conglomerate Digital Currency Group (DCG). 


Summers joined DCG as a senior advisor in 2016, a year after DCG was formed. It’s not clear when Summers resigned his role -- through a spokesperson, Summers told Protos he left DCG several months ago.


However, the former US Secretary of the Treasury was listed on DCG’s website as a member of the company’s advisory board as recently as November. That information has since been removed from DCG’s website.

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Cryptocurrency news by ProtosBy Protos