New York attorney general sues crypto firms, escalating enforcement

- Enforcement and legal pressure intensified as New York’s Attorney General filed suits involving major exchanges and authorities arrested the founder of Solana, while UK police raided eight crypto operations. - Protocol-level drama continued with Paul Sztorc launching an eCash hard fork that explicitly separates L1 and L2s, even as some miners pivot toward AI compute tasks. - The mix of lawsuits, arrests, raids and forks is complicating custody, compliance and business continuity plans for exchanges, miners and investors. (x.com) (x.com) (x.com)