Attorney General orders unregistered crypto lending platforms to exit NY

Re:Attorney General orders unregistered crypto lending platf... by BayAreaEscapee on Monday October 18, 2021 @03:03PM (#28909995)

I don't disagree with your argument, but I think your statement "In the whole of the USA, there are only 80,000 accredited investors" is not quite right. According to this MSN article, "To be considered in the top 1% of net worth, a household needs combined assets totaling over $11 million." [1] That means there are about 3M households that have at least $11M.

[1] https://www.msn.com/en-us/money/markets/what-net-worth-is-co...

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Re:Attorney General orders unregistered crypto lending platf... by dataflow on Monday October 18, 2021 @06:15PM (#28912511)

There are 120M households in the US, so you meant like 1M I think. I imagine not all of them are accredited investors, though maybe they could be if they tried to?

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Re:Attorney General orders unregistered crypto lending platf... by dragonwriter on Monday October 18, 2021 @06:18PM (#28912533)

> There are 120K households in the US,

122 million, you mean. (The rest of your piece is consistent with that.)

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