<ul><li>New York lawmakers are reviewing a proposed bill, A06515, to combat cryptocurrency scams and rug pulls.</li><li>The bill, introduced by Assemblyman Clyde Vanel, aims to amend the New York Penal Law and establish criminal penalties for fraudulent activities in the crypto sector.</li><li>It targets fraudulent practices like rug pulls, private key fraud, and scams involving undisclosed interests in virtual tokens.</li><li>The US SEC is also taking steps to protect investors with the launch of the Cyber and Emerging Technologies Unit (CETU) to combat fraud and enhance cybersecurity.</li></ul>

New York Lawmakers Propose Bill to Combat Cryptocurrency Scams and Rug Pulls

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