Founder of Tianqiao Capital: New York State Attorney General's lawsuit against Galaxy Digital is' purely a legal battle '

According to Golden Finance, Anthony Scaramucci, founder of SkyBridge Capital, stated that the lawsuit by the New York State Attorney General (NAYG) against Galaxy Digital is a "legal battle," while another cryptocurrency executive said the law is so special that he had to look it up on ChatGPT. The recent legal lawsuit filed by the New York State Attorney General (NAYG) against Galaxy Digital regarding its promotional relationship with the now defunct cryptocurrency Terra (LUNA) is unfair and an abuse of the legal system, "said Anthony Scaramucci, founder of SkyBridge Capital. This is a pure legal battle, because of a little-known but highly dangerous New York law - the Martin Act, "Scaramucci said on the X platform on March 28th. The law does not require proof of intent, thus setting a very low standard of proof, which could open the door to such abuse. It should never have existed, "he said.