New York Attorney General Letitia James has issued a call to action for Congress, urging them to strengthen cryptocurrency regulation amidst concerns about the industry’s volatility and lack of intrinsic value. In a letter addressed to Congress, James argued that unregulated cryptocurrencies pose significant risks to investors, financial markets, and the stability of the U.S. dollar. She advocates for increased federal oversight in areas like stablecoin regulation and a ban on US pension funds investing in cryptocurrency or ETFs like Bitcoin (BTC). James believes that without proper regulation and security measures, cryptocurrencies are highly susceptible to price manipulation, fraud, and volatility, making them unsuitable for retirement savings.