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The Attorney General of New York State has written to senior congressional leaders, urging the promotion of a digital asset regulatory framework.
On April 11, FOX reporter Eleanor Terrett posted on social media that “New York Attorney General Letitia James wrote to congressional leaders, the Speaker of the House, and the House Minority Leader, urging them to pass a federal regulatory framework for digital assets to mitigate the risks of fraud, criminal activity, and financial instability. She stated that the widespread adoption of Bitcoin threatens the dominance of the dollar and called for the ‘localization’ of stablecoins (i.e., promoting their development within the United States) to protect the dollar’s dominant position. James also opposed allowing digital assets to be included in retirement accounts.”