New York Attorney General Letitia James has urged Congress to establish a federal regulatory framework for cryptocurrencies, as she emphasized the urgent need for stronger protections for digital asset investors. In her letter to congressional leaders, including Senate Majority Leader John Thune and House Speaker Mike Johnson, she proposed that crypto companies be required to register with a federal agency and adhere to minimum listing standards for tokens. James highlighted the importance of stablecoin regulations, advocating for issuers to maintain a U.S. presence and deposit U.S. Treasuries in American banks. She said: “Countless New Yorkers invest in cryptocurrency and digital assets, and more must be done to protect them and their money,” noting that many investors have lost millions to scams that could have been mitigated with better regulations.
Congress urged to bolster crypto regulations
64 responses to “Congress urged to bolster crypto regulations”
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