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Consumer protection advocates are speaking out against a provision in Congress’s proposed cryptocurrency legislation, claiming it would allow financial firms to sidestep state oversight of artificial intelligence.

In a letter last week to U.S. Sens. John Thune (R-SD) and Chuck Schumer (D-NY), 78 groups urged lawmakers to oppose a proposed “sandbox” provision of the CLARITY Act that would grant broad waivers to participating financial firms testing AI tools, potentially insulating them from some state regulatory mandates. The signees spanned numerous industries, including investor protection…