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Federal Crypto Oversight Needed to Protect U.S. Financial System

  • Letitia James, New York State Attorney General, urges Congress to pass a federal framework to regulate digital assets.
  • Her focus includes preventing cryptocurrency-related fraud, protecting the U.S. dollar’s dominance, and ensuring financial market stability.
  • James also advocates for disallowing digital assets in retirement accounts due to their volatility.
  • She emphasizes the need for transparency, anti-fraud provisions, and safeguarding U.S. interests in the regulation of digital assets.

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