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New York attorney general investigating 13 cryptocurrency exchanges

Illustration: Rebecca Zisser / Axios

New York's Attorney General, Eric Schneiderman, has sent letters of inquiry to 13 popular cryptocurrency exchanges, including Coinbase's GDAX and Gemini, about their operations and tools to protect customers.

Why it matters: Exchanges have been an area of concern and skepticism for regulators. Even the Securities and Exchange Commission and its chairman, Jay Clayton, have repeatedly warned that cryptocurrency exchanges aren't regulated like stock exchanges and shouldn't be trusted to operate with as much integrity.

Be smart: The state of New York already has some of its own regulations over cryptocurrency-related businesses. A Bitlicense, which only a handful of companies have been able to obtain, is required to operate in the state.

Go deeper

Margaret Harding McGill, Sara Fischer
4 hours ago - Technology

Tech scrambles to derail inauguration threats

Illustration: Sarah Grillo/Axios

Tech companies are sharing more information with law enforcement in a frantic effort to prevent violence around the inauguration, after the government was caught flat-footed by the Capitol siege.

Between the lines: Tech knows it will be held accountable for any further violence that turns out to have been planned online if it doesn't act to stop it.

Go deeper (2 min. read)Arrow
Dave Lawler, author of World
4 hours ago - World

Uganda's election: Museveni declared winner, Wine claims fraud

Wine rejected the official results of the election. Photo: Sumy Sadruni/AFP via Getty

Yoweri Museveni was declared the winner of a sixth presidential term on Saturday, with official results giving him 59% to 35% for Bobi Wine, the singer-turned-opposition leader.

Why it matters: This announcement was predictable, as the election was neither free nor fair and Museveni had no intention of surrendering power after 35 years. But Wine — who posed a strong challenged to Museveni, particularly in urban areas, and was beaten and arrested during the campaign — has said he will present evidence of fraud. The big question is whether he will mobilize mass resistance in the streets.

Go deeper (<1 min. read)Arrow
Jonathan Swan, Zachary Basu
5 hours ago - Politics & Policy
Off the Rails

Episode 1: A premeditated lie lit the fire

Photo illustration: Sarah Grillo/Axios. Photo: Chip Somodevilla/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. Axios takes you inside the collapse of a president with a special series.

Episode 1: Trump’s refusal to believe the election results was premeditated. He had heard about the “red mirage” — the likelihood that early vote counts would tip more Republican than the final tallies — and he decided to exploit it.

"Jared, you call the Murdochs! Jason, you call Sammon and Hemmer!”

Go deeper (6 min. read)Arrow