Key Points:Letitia James, New York State Attorney General sued CoinEx alleging that it sold securities and goods not registered in New York.
CoinEx should have obeyed the subpoena dated January of this year.
Attorney General James requests a court order to stop CoinEx from misrepresenting it is an exchange and preventing the company’s operation in New York.
This action is part of Attorney General James’ ongoing efforts to enforce New York law in the crypto industry, and to protect New York investors.
New York State Attorney General Letitia James sued CoinEx for selling cryptocurrencies. Attorney General Letitia James of New York seeks a court order to stop CoinEx from misrepresenting it is an exchange. This will also prevent the company from operating within New York. It will also direct CoinEx to use IP address-based geoblocking to block access to CoinEx Mobile Apps, websites, and services from New York. New York Attorney General Letitia JamesThis lawsuit continues Attorney General James’ efforts to enforce New York law in the crypto industry. Companies that ignore them put investors, residents, and businesses at risk. “The days of cryptocurrency companies like CoinEx pretending that the rules don’t apply to them are gone. My office will continue to protect New York investors and ensure our state’s laws are followed.”DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuFoxyCoincu NewsTags: # Cryptocurrencies#MarketsBlockchainCoinExcryptoSECsecurities