In a recent statement, Anthony Scaramucci criticized the NAYG lawsuit against Galaxy Digital, labeling it ‘lawfare.’ He pointed out issues with the New York Martin Act, which allows legal action without proving intent, resulting in potential misuse of the law.
The lawsuit alleges that Galaxy Digital helped inflate Terra (LUNA)’s price and profited significantly before its collapse. A settlement of 200 million USD was reached, prompting discussions on the implications of the Martin Act in financial governance.
Leave a Reply