Its just not the place for NY AG’s to issue a “warning” against an entire asset class that many institutions are investing in today and giants like Fidelity call digital gold and recommend their investors to have a position along with debt component of their portfolio.
Whats worse, the NY State already issues BitLicense, and NY AG’s statement that investing in cryptocurrencies is dangerous contradicts the very purpose why BitLicense is issued in the first place.
Meanwhile the State operates its own lottery ticket scheme: https://nylottery.ny.gov
NY AG is not a licensed financial advisor to even issue such statements. Absolutely reprehensible action by self proclaimed “saviour of investors”. Multiple banks in her jurisdiction have been found to have laundered money for drug cartels and terrorists. As someone so obsessed with protecting investors, she seems rather not bothered with whats going on with these banks that launder cartel money.
You spend 2.5 years and millions of dollars investigating Tether, for a fucking slap on the wrist fine that concluded with Tether not even having to admit they did anything wrong.
Fuck you, Letitia James.