New York Attorney General Letitia James issued a letter to congressional leaders on Thursday, advocating for stricter regulations on cryptocurrency. This request comes shortly after the Department of Justice made the decision to disband the National Cryptocurrency Enforcement Team. In her letter, James emphasized the potential risks posed by insufficient protections in the digital asset sector. She warned that without appropriate safeguards, there is a possibility that digital currencies could challenge the dominance of the U.S. dollar and pose a threat to national security by enabling anonymous financial transactions that could support criminal activities.
New York AG Presses Congress for Stronger Crypto Regulations Post DOJ Task Force Disbandment
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