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NY AG Letitia James proposes CRPTO law to rein in crypto industry in New York

Photo: Getty Images

Julie DiMauro

3 min read
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New rules are an attempt to set industry standards and to protect consumers.

On Friday, New York Attorney General Letitia James proposed legislation that would ban cryptocurrency exchanges from trading their own tokens. The new rules would also require audits of cryptocurrency exchanges to add more regulatory scrutiny of these and add a layer of investor protection to the industry. 

James’ program

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