My 16 year old is keeping me awake

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Man,she will be 17 next week,and the past month has been a world wind.I feel like I am living with Linda Blair,L.O.L. She has a cousin who has been in a lot of trouble over the years.I have kept them apart as much as possible.Now,however she thinks this cousins wonderful.Melissa has done some very mean things to her over the years and for the most part my daughter hasn't liked her much. Now suddenly I am keeping her from her family,I am not letting her grow up,and I am treating her like a ten year old.This cousin is 15 and pregnant,has headed for New York with the street gang the crips,has sold drugs,and her body for them.It has been an all out battle every day as to why I won't let her go anywhere with her cousin.All of a sudden she doesn't get it.We live in the same town,in fact only two streets away,so even though she doesn't necessarily defy and go out anywhere with Melissa,they just "happen " to run into each other.I am at the point where I am ready to move to a different town for my daughters safety and my sanity.I just don't think that is fair my daughter has always been an honors student and has gone through 11 years of school in this town.Her cousin on the other hand has been in at least 8 different schools before ending up here,and has quit school at this point.I don't think it will be fair for my daughter to spend her last year in a school full of strangers. In some ways I think maybe I should let her go some,I am just so afraid of the trouble that she could end up in with this kid.Melissa is street wise,My daughter doesn't have a clue,she has lived a very sheltered life. Any idea?