Today we learn that the New York Attorney General is turning his gaze upon crypto.
Attorney General Eric Schneiderman announced the "Virtual Markets Integrity Initiative" on Tuesday, saying it was "a fact-finding inquiry into the policies and practices" of cryptocurrency trading platforms. Letters were sent to 13 exchanges, seeking information about their "operations, use of bots, conflicts of interests, outages, and other key issues," according to a press release published on Tuesday.
Moves by regulators are always a little unsettling. But I live in New York State and I know for a fact that Eric Schneiderman is a zealot. He loves to do "big things" that put him in the news. This needs to be watched closely because if Schneiderman goes all scorched earth on crypto, other states will follow his lead.
Full article here: https://www.coindesk.com/binance-bitfinex-new-york-launches-inquiry-13-crypto-exchanges/