New York AG Warns About Crypto Investments as Mining Moratorium May Come to New York

Jun 6, 2022

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New York AG Warns About Crypto Investments as Mining Moratorium May Come to New York

Originally posted here.
By: julietluciol7

Overview

Letitia James, the New York Attorney General, has made several statements towards cryptocurrency investment on Friday, June 3. The AG released a statement commenting on the volatility of crypto assets and warned investors of the high-risk nature of investing in crypto, as seen in the crash of the UST stablecoin in May. James also highlighted that billions have been lost in crypto in 2022.

New York is also focusing on banning proof-of-work crypto mining. The ban of cryptocurrency mining in one of the largest states in the United States could see many currencies crash even further. …

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