News update on Bitfinex's fight versus overreaching state abuse. A win for them on the case would be also a win for the whole cryptospace hehehe.
In any case, I am shaking my head. Who is winning the case? The article appears to say that the NYAG is not going anywhere with this.
The New York Attorney General (NYAG) defends its ongoing investigation against Bitfinex in a Dec. 4 filing to the Supreme Court of the State of New York
The office argues that the state’s Martin Act gives it broad power to investigate potentially securities and commodities fraud before making a decision to file suit, and that Bitfinex’s challenge to this authority misperceives that power it has by law.
Challenges to jurisdiction are rebuffed by NYOAG by reference to evidence before the hearing court of relevant contacts with the state as recently as 2019.
In a blog post on its website, Tether responded to NYOAG's brief, claiming that the state "offers a highly misleading factual presentation" and fails to identify any victims of the exchange.Read in full https://www.theblockcrypto.com/post/50492/nyag-continues-pushing-for-its-case-against-bitfinex-calling-its-argument-forfeited-and-meritless
