18
Sep
2018

New York AG raises flags over cryptocurrency manipulation

Politico

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Politico reports, "The New York State attorney general's office has referred three cryptocurrency exchanges to the state’s financial regulator for possible legal action and raised concerns over price manipulation and conflicts of interest on trading platforms" and draws on Anderson Kill's Stephen Palley for comment:

 

"[The New York attorney general’s office is] not anti-crypto, they’re pro-consumer,” said Stephen Palley, a partner specializing in blockchain and cryptocurrencies at the law firm Anderson Kill. Palley said increased regulatory scrutiny and standardization of practices will be necessary if cryptocurrencies are to grow more mainstream."

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- Blockchain and Virtual Currency Attorney | Anderson Kill P.C.
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Washington, DC

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