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New York Attorney General Letitia James recently warned investors against trading crypto, amid recent volatility in the space.
James’ comments came shortly before the New York Senate voted in favor of a ban on crypto mining in the state.
The Attorney General warned against recent volatility in crypto markets, which has cost investors billions in their funds. They also cautioned investors against potential fraud and theft in the space- a common occurrence in crypto.
Even well-known virtual currencies from reputable trading platforms can still crash and investors can lose billions in the blink of an eye. Too often, cryptocurrency investments create more pain than gain for investors.
-Attorney General James
