‘More Must Be Done’ to Regulate Crypto
New York Attorney General Letitia James wants Congress to do more to protect cryptocurrency investors.
James wrote a letter to congressional leadership Tuesday (April 8), saying lawmakers should mandate that crypto companies register with a federal regulatory agency and establish minimum listing standards for crypto tokens.
“Countless New Yorkers invest in cryptocurrency and digital assets, and more must be done to protect them and their money,” James said in a Thursday (April 10) press release announcing the letter. “Thousands of investors in New York and across the country have lost millions of dollars to cryptocurrency scams and fraud that could be prevented with stronger federal regulations.”
The letter comes as…
