<ul><li>New York Attorney General Letitia James has called for tightened oversight of the cryptocurrency industry at the federal level.</li><li>She emphasized the need for a national strategy to reduce fraud, limit criminal exploitation, and stabilize the volatile and opaque market.</li><li>James highlighted that crypto-related scams make up half of all monetary losses linked to fraud cases and result in an estimated $12 billion in damages in 2024 alone.</li><li>Among her proposals are requirements for stablecoin issuers to be based in the U.S., intermediaries to meet registration and compliance standards, and exclusion of crypto from retirement investment products.</li></ul>

New York AG Calls for Tightened Crypto Oversight at Federal Level

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