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NASAA urges Congress to pass SAFE Act and allow states to rein in fraud

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Photo: Mario Tama/Getty Images

Julie DiMauro

3 min read
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NASAA asks Senate Banking Committee to preserve their police power to protect Americans from fraud, especially ones involving digital assets.

The North American Securities Administrators Association (NASAA) issued a letter to the US Senate Committee on Banking, Housing and Urban Affairs, urging Congress to pass the Support Anti-Fraud Enforcement or “SAFE” Act.

In addition to referencing state police powers to protect Americans from fraud, the membership group specifically describes the

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