NY Attorney General Targets 5 Crypto Companies: 2 Lending Platforms Ordered t...

NY Attorney General Targets 5 Crypto Companies: 2 Lending Platforms Ordered t...

New York Attorney General Letitia James has ordered two cryptocurrency lending platforms to shut down and requested three other platforms to answer questions regarding their activities immediately. The letters to the companies published on the attorney general’s website indicate that the two platforms are Nexo and Celsius Network. New York Cracks Down on Unregistered Crypto Lending Platforms New York Attorney General (NYAG) Letitia James announced Monday her new efforts to crack down on unregistered cryptocurrency companies. In New York, lending platforms must....


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NYAG directs 2 crypto firms to shut down, investigates 3 others

The regulator "will not hesitate to take whatever actions are necessary against any company that thinks they are above the law," said Letitia James. The New York Attorney General’s office has alleged two unnamed crypto lending platforms operating in the state have engaged in unlawful activities and ordered three others to provide information on their businesses.In a Monday announcement, the New York Attorney General’s office said it has ordered two crypto lending platforms — at the time of publication, the names were still redacted — to “cease any and all such activity” relating to selling....

New York’s AG Stays Busy, Two Crypto Platforms Shutdown Others Under Investig...

Per a press release, the office of the New York Attorney General Letitia James revealed actions against two crypto platforms. The companies have been ordered to stop their operations to “protect New York investors from exploitation by high-risk virtual currency schemes”. Related Reading | Steam Kicks Out Crypto, Epic Replies: We’ll Welcome Them The AG claimed […]

Celsius responds to NYAG crackdown on crypto lending platforms

“If any regulatory or technical changes are required in a specific jurisdiction, Celsius will provide clear and timely communication as needed,” said the firm. Crypto lending firm Celsius Network has confirmed it is one of three platforms requested to provide information to the New York Attorney General’s office.In a Tuesday blog post, Celsius said it was not one of the two unnamed crypto lending platforms that New York Attorney General Letitia James ordered to “cease any and all such activity” around selling or offering cryptocurrencies. Rather, Celsius said it was “working on providing....

Crypto lender Nexo confirms NYAG order, calls it a ‘mix up’

Nexo Financial confirms to be one of the two crypto lending firms to receive the cease and desist order from Attorney General James' office. Cryptocurrency lending firm Nexo Financial denies the allegations of offering unregistered services to New Yorkers put forth by Attorney General Letitia James.Attorney General James directed two unnamed crypto lending companies to cease operations On Oct. 18, citing failure to register the business in New York and performing unlawful activities. Crypto lender Nexo is revealed to be one of the two companies to receive the cease and desist order from....

Texas and New Jersey regulators go after Celsius Network

"Companies dealing in cryptocurrencies are not immune from oversight,” said New Jersey’s acting attorney general Andrew Bruck. The Texas State Securities Board has filed for a hearing with the potential to impose a cease and desist order against crypto lending firm Celsius Network for not offering security licensed at the state or federal level, while the New Jersey Bureau of Securities has ordered the platform to stop offering and selling interest-earning cryptocurrency products.According to a Sept. 17 filing, the Texas regulator will be holding a hearing related to allegations thaCelsius....