The Attorney General of New York State sent a letter to senior members of Congress urging the promotion of a digital asset regulatory framework.

2025-04-11 02:09:08

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

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