New York Attorney General Letitia James has expressed concerns that the federal crypto market structure bill, known as the CLARITY Act, could restrict state regulators and weaken their ability to enforce laws in the cryptocurrency space.
According to James, the bill could limit the power of state regulators, potentially hindering their efforts to protect consumers from fraudulent activities in the crypto market.
James has urged Congress to impose stronger consumer protections on digital asset platforms, as reported by CoinTelegraph.