CoinScoopAttorneys General from 17 States Oppose CLARITY Act
New York Attorney General Letitia James, joined by counterparts from 17 other states and the District of Columbia, has formally opposed the CLARITY Act. They warned that the bill would undermine state-level enforcement against crypto fraud and grant the SEC unilateral power over state regulators. The coalition urged Congress to amend the bill to preserve state authority and improve federal-state collaboration.
Summaries are written by AI from the original article. Not investment advice.