As New York pursues efforts to ban proof-of-work (PoW) crypto mining, the legal professional basic reminded buyers of the dangers related to investing in crypto.

In an investor alert printed Thursday, New York Legal professional Basic Letitia James stated that buyers are “shedding billions” in crypto. James highlighted that even digital property which might be well-known and traded in respected exchanges can crash. Due to this, the legal professional basic is satisfied that crypto investments create “extra ache than achieve” for buyers.