CFIUS.
LIZ: BREAKING NEWS.
WE HAVE BITCOIN FALLING TO A
THREE-DAY LOW AT THIS HOUR.
DOWN 162 BUCKS, BELOW $8,000
FOR BITCOIN, FOLLOWING THE NEWS
THAT CAME OUT A COUPLE HOURS
AGO, NEW YORK ATTORNEY GENERAL
ERIC SCHNEIDERMAN IS LOOKING TO
CRACK DOWN ON CRYPTOCURRENCY
EXCHANGES.
13 OF THEM INCLUDING COIN BAIT,
SOME OF THE POPULAR ONES USED
TO TRADE VIRTUAL CURRENCIES
LIKE BITCOIN.
SNIDERMAN SENT PLATFORMS,
DIGITAL TRUST WAS STARTED BY
THE WINKLEVOSS TWINS, BIT STAMP
AND PAYWARD.
AS WE'VE BEEN WATCHING IT, THIS
WAS NEARLY $20,000 PER BITCOIN
AT THE END OF DECEMBER, RIGHT
NOW AT $7880 TO BUY ONE
BITCOIN.
CHARLIE, FIRST IT WAS THE SEC,
YOU WROTE THAT STORY THAT THE
SEC WAS INTERESTED IN LOOKING
INTO THE BAD ACTOR.
>> I SAID IT WAS A WAVE OF
ENFORCEMENT ACTIONS.
WE SHOULD POINT OUT THIS IS NOT
AN ENFORCEMENT ACTION, THIS IS
BEGINNING OF INVESTIGATION HE
ANNOUNCED SUBPOENAS OR --
LIZ: LETTERS.
>> LETTERS, TELL US ABOUT YOUR
OPERATIONS.
PROBLEM FOR BITCOIN IS THIS.
AND I THINK THE REASON WHY IT'S
TRADING OFF, THE NEW YORK
ATTORNEY GENERAL HAS SOMETHING
KNOWN AS THE MARTIN ACT, A LAW
THAT ALLOWS NEW YORK ATTORNEY
GENERAL TO BRING FRAUD CHARGES
AGAINST A TARGET WHERE THE
EVIDENCE OR EVIDENCE OF INTENT
TO DEFRAUD IS MUCH LOWER THAN
ON THE CRIMINAL STATUTES, EVEN
CIVIL STATUTES THAT THE SEC
IMPOSES.
SO THAT'S WHY THIS IS -- THIS
IS LIKE NOT, THIS GUY CAN PUT
YOU IN JAIL.
LIZ: HE HAS VERY BROAD POWERS.
>> AND VERY STRONG.
>> ALL HE HAS TO SHOW IS
MINIMAL EVIDENCE OF INTENT TO
LAUNCH AN ENFORCEMENT ACTION
AND HE CAN CHARGE YOU
CRIMINALLY.
THAT'S WHY THIS IS WORRISOME
FOR SOMEONE LIKE THIS.
WHY AM I BEING RAPPED?
LIZ: ANOTHER BIG STORY.
RAP ON THIS.
>> TALKING TO WALL STREET DEMS.
WHAT DO YOU THINK OF THE 2020
DEMS?
RUN HEDGE FUND, PRIVATE EQUITY.
THEY HAVE A LOT OF MONEY.
COUPLE THINGS HAVE BEEN POINTED
OUT.
LIZ: WHAT CANDIDATES?