Golden Finance reports that Anthony Scaramucci, founder of SkyBridge Capital, stated that the lawsuit against Galaxy Digital by the New York State Attorney General (NAYG) is a “legal war,” while another crypto assets executive mentioned that the law is so unique that he had to look it up on ChatGPT.
The New York Attorney General (NAYG) has recently filed a lawsuit against Galaxy Digital regarding its promotional relationship with the now-collapsed crypto asset Terra (LUNA), which is unfair and an abuse of the legal system, said SkyBridge Capital founder Anthony Scaramucci. “This is pure legal warfare because of a little-known but extremely dangerous New York law - the Martin Act,” Scaramucci stated on the X platform on March 28.
“This law does not require proof of intent, thus setting a very low standard of proof, which could open the door to such abusive behavior. It should not exist at all,” he said.
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