NY AG cautions that CLARITY Act may hinder state crypto oversight. Urges Congress for more consumer safeguards on digital platforms.
Letitia James, the Attorney General of New York, raised concerns over a federal bill regarding the crypto market structure, emphasizing that it may limit the authority of state regulators. James is calling on Congress to enhance consumer protections for digital asset platforms. The Attorney General highlighted the importance of stronger regulations in safeguarding consumers in the crypto market.
