Wire · regulatory
Attorney General James Urges Congress to Strengthen Oversight of Cryptocurrency ...
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Fusion42 · 29 July 2026 · Fusion42 review
New York Attorney General Letitia James has urged the US Congress to strengthen federal cryptocurrency regulations to combat scams. She testified against the proposed Digital Asset Market Clarity Act, arguing it would undermine states' ability to police the industry and protect consumers.
This Wire brief sits within Fusion42's coverage of Crypto & Web3, and 5 sources have reported it between 28 Jul 2026 and 1 Aug 2026.
◆ ◆ The Wire takeaway
The debate over US crypto regulation is not federal versus state, but which state gets to write the federal rules. New York is making a power play to export its tough enforcement model nationwide, meaning higher compliance costs are now the most likely future for you.
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5 sources · first reported 28 Jul 2026 · latest 1 Aug 2026
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