New York Attorney General James Proposes Nation-Leading Regulations On Cryptocurrency Industry - Crypto Regulation, Protection, Transparency, And Oversight (CRPTO) Act Would Eliminate Conflicts Of Interest, Increase Transparency, And Impose Commonsense Measures To Protect Investors

<p><span>New York Attorney General Letitia James today announced&nbsp;</span><a title="https://ag.ny.gov/sites/default/files/2023-05/OAG-Crypto-Bill_0.pdf" target="_blank" rel="noopener" href="https://ag.ny.gov/sites/default/files/2023-05/OAG-Crypto-Bill_0.pdf">landmark legislation to tighten regulations on the cryptocurrency industry</a><span>&nbsp;to protect investors, consumers, and the broader economy. The multi-billion-dollar industry lacks robust regulations, making it prone to dramatic market fluctuations, and has been used to hide and facilitate criminal conduct and fraud. Attorney General James&rsquo; program bill, which proposes the strongest and most comprehensive set of regulations on cryptocurrency in the nation, would increase transparency, eliminate conflicts of interest, and impose commonsense measures to protect investors, consistent with regulations imposed on other financial services.</span></p>

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