KuCoin Responds to NY AG Lawsuit Claims: "Yet to Receive Any Legal Documents"
- Yesterday, New York state Attorney General Letitia James filed a lawsuit in Manhattan.
- The legal documents target popular crypto exchange KuCoin and PoS altcoin Ethereum (ETH).
- A week ago, SEC Chair Gary Gensler declared everything except Bitcoin (BTC) securities.
As the United States government continues curbing crypto, the New York Attorney General has hit the Seychelles-based major crypto exchange KuCoin with a lawsuit for allegedly failing to register with the state. On top of that, Attorney General Letitia James also claimed that Ethereum (ETH) is a security, while KuCoin is wrongfully calling itself an “exchangeâ€.
BREAKING: 🇺🇸 New York claims #Ethereum is a security in KuCoin lawsuit ‼️ 😱 pic.twitter.com/VJDiei1H0E
— Bitcoin News ⚡ (@BitcoinNewsCom) March 9, 2023
NY AG: The Martin Act Is Severely Violated
In the lawsuit filed on Thursday in Manhattan, Letitia James claims that KuCoin proceeded to sell unregistered crypto currency assets, including Ethereum (ETH) and Terra Luna…
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