New York’s Attorney General Advocates for Robust Crypto Regulation

In a move to bolster investor protection, New York’s Attorney General, Letitia James, has urged Congress to enact stricter regulations for cryptocurrencies. She warns that unchecked digital currencies like Bitcoin could destabilize the U.S. dollar’s global standing and expose investors to fraudulent activity. Emphasizing the urgency for comprehensive federal regulation, she highlights potential risks such as fraud, volatility, and illegal activities.