“This is very basic information that any credible platform should have on hand and be willing to share with their investors,” she said.
Schneiderman’s office asked 13 cryptocurrency exchanges on Tuesday to complete a questionnaire by May 1 to share details on areas such as ownership, fees, trading suspensions and money laundering.
Coinbase, the Gemini Trust, bitFlyer USA and four other exchange operators that responded to CNBC’s request for comment expressed support for the request.
Powell was the first dissenting voice. He added in his statement that if the attorney general’s office did want to talk, “ask us for a phone call, fly yourself out to San Francisco, invite us for lunch at your office. We can tell you which industry groups to join and where to begin your research.”
Powell said the last time exchanges complied with New York’s request for information, they were encumbered with the BitLicense. “Kraken left New York because New York is hostile to crypto and this ‘questionnaire’ we received today proves that New York is not only hostile to crypto, it is hostile to business,” he said.
The San Francisco-based exchange is the 12th largest by overall cryptocurrency trading volume over the last 24 hours, according to CoinMarketCap. For U.S. dollar-bitcoin trading, Kraken ranked fifth by market share, according to CryptoCompare.
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