The Attorney General of New York State has written to senior congressional leaders, urging the promotion of a digital asset regulatory framework.

GateUser-6433627c · 2025-04-10T18:17:16+00:00

New York Attorney General Letitia James urged congressional leaders to pass a regulatory framework for digital assets to mitigate fraud and crime risks. She is concerned that Bitcoin threatens the dollar's status and advocates for "localized" stablecoins to protect the dollar. James also opposes digital assets entering retirement accounts.

GateUser-6433627c

2025-04-10 18:17:16

Abstract generation in progress

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.”

BTC-0,11%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.