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Wire · regulatory

AG Tong Calls on Congress to Preserve Ability to Protect Against Crypto Scams

14 September 2026 · By · Wire by Fusion42

Published

14 September 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

United States

◆ Source

Read at portal.ct.gov →

◆ Verified

Fusion42 · 14 September 2026 · Fusion42 review

Attorney General William Tong and a bipartisan coalition oppose the Digital Asset Market Clarity Act, arguing it would hinder state attorneys general from protecting investors against cryptocurrency scams by ceding excessive regulatory power to the SEC and undermining state enforcement.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ ◆ The Wire takeaway

Your ability to rely on state enforcement against crypto scams faces a direct threat as Congress considers shifting regulatory power to the SEC. Take immediate steps to engage with state regulators or adjust compliance strategies anticipating a federal takeover that could weaken local protections.

◆ Coverage

1 source · 14 Sep 2026

◆ Related on Wire

◆ Topics

Fintechcrypto-regulationstate-enforcementSEC-preemptioninvestor-protectionfraud