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Regulatory perimeter
New York Attorney General urges Congress to preserve state crypto-enforcement powers
Attorney General Letitia James warned that the CLARITY Act could restrict state investor-protection laws and called for stronger surveillance, anti-fraud and platform-liability provisions.
Mapped entityOffice of the New York State Attorney General
JurisdictionUnited States / New York
Event typeinformational policy update
Rating impactMarket-wide monitoring
Cexvia finding
What is established—and what is not
This is formal written testimony and a policy position, not an enacted rule or an enforcement action against a named exchange.
Risk meaning
How this changes the risk picture
The proposal could change how federal and state authority is divided for crypto platforms. Until the bill text is enacted, it should be treated as a regulatory-perimeter signal only.
User action
What to check next
U.S. users should continue checking both federal registrations and state-level licences or enforcement records; neither layer substitutes for the other.
New York Attorney General