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NY Attorney General Flags Bitcoin as Risk to U.S. Dollar’s Global Role

  • New York Attorney General Letitia James warns that Bitcoin may undermine the U.S. dollar's global role and weaken America's economic influence.
  • She calls for swift and comprehensive federal regulation of digital assets to prevent financial system destabilization and illicit activities.
  • Concerns are raised that Bitcoin's increasing use for cross-border transactions could erode the dominance of the U.S. dollar in global trade and finance.
  • There are growing calls for stronger oversight and consumer protection in the cryptocurrency industry.

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