Stephen Palley is quoted by Bitcoin Magazine in an article regarding cryptocurrency exchanges. According to the article, “As part of an effort to protect cryptocurrency investors and bring greater transparency into how cryptocurrency exchanges operate, New York Attorney General Eric Schneiderman has sent letters to 13 virtual currency exchanges requesting they disclose key information about their operations.
“Stephen Palley, a lawyer in Washington D.C., known for his work in the crypto space, says he is not surprised to learn of the New York attorney general’s initiative. At the same time, he views it as a grim sign of what is to come. ‘This is just the start. There will be a major onslaught. It will shut down or shut out a bunch of exchanges from the U.S.’" and "'In a tweet, Palley referred to Schneiderman as an 'activist' and noted, '“Being in his crosshairs isn't a great thing.'”
Read the full article: New York Attorney General Launches Inquiry Into Cryptocurrency Exchanges