Attorney General Letitia James warns New Yorkers about the risk of investing in cryptocurrencies
NEW YORK -- There's a new warning from New York Attorney General Letitia James about the risk of investing in cryptocurrencies.
In a statement, the Attorney General said she wanted to remind New Yorkers that even well-known cryptocurrencies can crash and wipe away investments in "the blink of an eye."
Her warning comes after the crypto market took a steep dive in May, resulting in billions of dollars in losses.
James says the investor alert is part of her larger efforts to regulate cryptocurrencies in New York.
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