Just reading the questionnaire... This is going to be huge as in this is going to be the foundation on which the government will go after the exchanges and enforce consumer protection...
Don't you worry, I make plenty of profits in the markets, using AI trading robots, but I would never transfer 6 or 7 digits account to one of those shady exchanges, just to watch my money being stolen by crooks...
Just wait few more months and the sign "This domains has been seized by the FBI" will start to pop around...
Why would you move such a large amount to an exchange all at once? It's much safer to move smaller amounts and move the funds to your own crypto wallet with your own private keys, that way you don't have to trust them with large sums.
For investing, not surprising, the whole thing is going the way of the tulip bubble... it's just not worth discussing a 25 year old technology still looking for a problem to solve...
I'm glad you admit that your only interest in cryptocurrency is as a speculative vehicle. I hope your investment in digital tulip bulbs works out for you in the end.
The prices of BTC, Ether and XRP have hardly budged today. I find this surprising. Worth watching market prices, especially futures activity around BTC as the story develops. It will take time for the screws to be tightened by AG Schneiderman's team. Note that the questionnaire also focuses on who the major investors / board members are of the exchanges that are the target of this inquiry. As Warren Buffet famously quipped in 2008: "You only find out who is swimming naked when the tide goes out."