INSUBCONTINENT EXCLUSIVE:
New York Attorney General Letitia James has urged Congress to strengthen pending stablecoin and crypto legislation, saying the current
Accountability for a Better Ledger Economy (STABLE) Act and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act
stablecoins, and the US Senate passed the GENIUS Act last month in a bipartisan vote, while a House Committee passed the STABLE Act to a
full floor vote in April.James warned that the stablecoin bills lack sufficient regulatory safeguards to tackle anonymous transactions that
Source: New York AGTreat stablecoin issuers like banksJames called for Congress to amend the bills so that stablecoin issuers would be
consumers, enable responsible innovation, and safeguard the dominance of the US dollar.James says crypto CLARITY Act also not up to parJames
In April, she urged Congress to prevent US retirement funds from investing in crypto or crypto exchange-traded funds, which she deemed to
