New York Attorney General Directs Two Crypto Lending Platforms to Cease Activities – CoinDesk

New York Attorney General Directs Two Crypto Lending Platforms to Cease Activities – CoinDesk

The actions have been taken by the OAG in accordance with New York’s Martin Act, an anti-fraud law that gives the attorney general authority to investigate any company deemed to be trading securities in the state. For the purposes of the Martin Act, cryptocurrency is classed as a security, and therefore subject to its provisions, according to the statement.