New York AG warns CLARITY Act could weaken state crypto enforcement
CoinTelegraph·
60-second summary
New York Attorney General Letitia James warns that the federal CLARITY Act could weaken state crypto enforcement, potentially restricting regulators' authority. James urges Congress to impose stronger consumer protections on digital asset platforms, citing concerns about investor safety. The warning highlights ongoing tensions between federal and state crypto regulations, raising uncertainty for the industry's future.
New York Attorney General Letitia James said the federal crypto market structure bill could restrict state regulators and urged Congress to impose stronger consumer protections on digital asset platforms.