New York Attorney General Letitia James has urged Congress to strengthen crypto regulations and ban digital assets from retirement accounts, citing their volatility and lack of intrinsic value. In a 14-page letter sent on April 10th, James argued that unregulated cryptocurrency poses risks to market stability, national security, and the U.S. dollar’s dominance. 2 60 3 15 7 0 0 0 3 James emphasizes the unpredictability of cryptocurrencies, warning investors about price manipulation, fraud, and their susceptibility to theft. 3 0 0 0 0 2 She particularly targets cryptocurrency ETFs, stating that these are vulnerable to theft due to their link to digital assets. James’ proposal calls for greater regulatory oversight of the crypto sector, including regulations on stablecoins and anti-money laundering measures. 1 0 0 0 0 3 James also advocates for a US presence for stablecoin issuers and stricter financial regulations for platforms involved in cryptocurrency trading. Her demands include increased transparency in pricing and measures against conflicts of interest. The NY Attorney General’s proposal comes as the U.S. Treasury Secretary, Scott Bessent, announced that the government is re-evaluating regulations regarding blockchain technology, stablecoins, and new payment systems. This review aims to identify and address regulatory barriers hindering innovation and investment in the financial technology sector while fostering economic growth that benefits all Americans.