New York Attorney General Letitia James leads coalition opposing CLARITY Act

New York Attorney General Letitia James (Letitia James) and a bipartisan group of 17 state attorneys general have urged Congress to oppose the CLARITY Act ahead of a key Senate procedural vote. The coalition argues that the bill would hinder state-level efforts to combat fraud and hold companies accountable by granting the SEC excessive preemptive authority and creating regulatory ambiguity. Signatories include officials from states such as California, Arizona, and Ohio.