News & Analysis as of

Cryptoassets Digital Assets State Attorneys General

Orrick, Herrington & Sutcliffe LLP

California Attorney General settles with crypto company

On September 4, California Attorney General (AG) Rob Bonta announced a settlement with a cryptocurrency trading platform for allegedly failing to comply with state cryptocurrency laws. According to the settlement, the company...more

Orrick, Herrington & Sutcliffe LLP

New York Attorney General issues judgment against crypto-asset firm

On June 14, the New York Attorney General, Letitia James, announced a stipulation and consent to judgment against a crypto-asset company for allegedly misleading investors on the risks of its program. Under the order, the...more

Orrick, Herrington & Sutcliffe LLP

New York Attorney General sues crypto companies, alleging billion-dollar pyramid scheme targeting immigrant communities

On June 6, New York Attorney General Letitia James announced legal actions against two companies (with the same founders) for allegedly participating in illegal pyramid schemes. The complaint alleged these schemes defrauded...more

Latham & Watkins LLP

New York Attorney General Proposes Stringent Crypto Bill

Latham & Watkins LLP on

The CRPTO Act is intended to increase transparency and consumer protections, and reduce conflicts of interest, through heightened disclosures and penalties. On May 5, 2023, New York Attorney General (NYAG) Letitia James...more

WilmerHale

Crypto Currently: New York Attorney General James Proposes Landmark Digital Asset Law

WilmerHale on

On May 5, New York Attorney General Letitia James announced a landmark legislative proposal—titled the Crypto Regulation, Protection, Transparency, and Oversight (CRPTO) Act (hereinafter, the Proposal)—to tighten regulations...more

Troutman Pepper

State AGs Reach $24M Settlement With Cryptocurrency Company Nexo

Troutman Pepper on

New York Attorney General Letitia James led a bipartisan multistate coalition to reach a $24 million settlement with cryptocurrency company Nexo for allegedly offering and selling unregistered securities and commodities. As...more

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