New York Attorney General Letitia James has issued a warning about investing in cryptocurrency. She said the crypto market is “extremely unpredictable” and “unstable,” noting that the market “reached record lows” last month.
NY Attorney General Warns About Cryptocurrency
New York Attorney General Letitia James issued a warning about investing in cryptocurrencies Thursday. The official Twitter account of the New York Attorney General’s Office tweeted:
The cryptocurrency market is extremely unpredictable. Just last month, the market reached record lows and investors lost hundreds of billions.
James added: “New Yorkers should be cautious and think twice before putting their hard-earned money into this unstable market.”
Last year, James shut down cryptocurrency trading platform Coinseed. She also took action against two crypto lending platforms.
The New York attorney general’s warning followed weeks of cryptocurrency sell-off. However, many people on Twitter disputed her claim that the...
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