New York Attorney General Urges Congress to Strengthen Safeguards in CLARITY Act
JH Kim
Summary
- New York Attorney General Letitia James urged Congress to strengthen safeguards in the CLARITY Act, a bill that would establish a market structure for digital assets in the US.
- James said she is concerned the bill could weaken states' authority to crack down on financial crimes and illegal activity.
- James called for additional protections, including tighter regulation of digital assets that have passed through money-laundering mixers and stricter rules for elected officials.
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New York Attorney General Letitia James urged Congress on July 27 to strengthen safeguards in the CLARITY Act, a bill that would establish a market structure for digital assets in the US, in a post on her official X account.
James said she is concerned the bill could weaken states' authority to police financial crimes and other illegal activity. She called for additional protections, including tighter regulation of digital assets that have passed through money-laundering mixers and stricter rules for elected officials.
JH Kim
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