New York’s AG Letitia James is warning that a new federal crypto bill could strip states of critical enforcement powers, urging lawmakers to prioritize consumer safety over industry handouts. She’s pushing for mandatory anti-fraud safeguards, stronger KYC rules, and financial liability for platforms that fail to protect users — while also calling for a ban on conflicted regulators with crypto ties. With innovation booming, James insists states must retain the authority to shield everyday investors from scams and manipulation.
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