News topic
CLARITY Act
U.S. digital-asset market structure legislation.
Image: New York Attorney GeneralNew 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.
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CLARITY Act
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New York Attorney GeneralNew 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.
theblock.co via LBankNew York Attorney General Warns Proposed Clarity Act Threatens State Fraud Prosecution Powers
According to reporting by LBank News and originating from The Block, New York Attorney General Letitia James submitted written testimony warning that the federal Clarity Act would dilute state-level investor protection authorities. This development, which remains not officially confirmed by direct legislative bodies, highlights intense legislative pressure as Washington lawmakers attempt to secure a Senate floor vote.
crypto.news via LBankClarity Act Talks Enter Final Stretch as GOP Seeks Democratic Votes
LBank News reported via crypto.news that Senate discussions regarding the Clarity Act have entered a crucial phase, requiring 60 votes to overcome procedural obstacles. Senate Majority Leader John Thune is considering filing cloture this week, though seven Democratic senators argue the revised text remains insufficient on multiple policy fronts. Meanwhile, a major law enforcement union has endorsed the updated bill following targeted revisions to decentralized finance provisions. These developments are not officially confirmed by primary legislative sources.