A.G. Schneiderman Launches Inquiry into Cryptocurrency “Exchanges”

I suspect they would find some efficiently fraudulent manipulation in the complete absence of regulation, if only those exchanges were regulated enough to retain data sufficient for such inquiries.

Interesting to see it's in new york - I wonder what role the big players in finance have had in lobbying for this. Nonetheless, this is great. I would bet every single crypto exchange has their hand deep in the honey pot so they deserve whatever an investigation turns up.

Boy, if only there were some big New York banks that would love to help these exchanges smooth things over with Mr. Schneiderman in exchange for some controlling equity...

Just reading the questionnaire... This is going to be huge as in this is going to be the foundation on which the government will go after the exchanges and enforce consumer protection...

I&#x27;ll point out the obvious, just to get the discussion going: it&#x27;s reasonable to suspect that the motivation is not consumer protection but subversion of technology which presents a challenge to the FIRE economy, which has a tragic stranglehold on NY (my home state).<p>How will we know the difference? What will we do if indeed it&#x27;s the latter?

Too bad they didn&#x27;t question the big banks as assiduously 10-12 years ago.

since when one guy can crack down on global exchanges. this is why we need decentralised exchanges