Bipartisan Coalition Urges Senate to Reject Cryptocurrency Regulation Bill

New York State Attorney General Letitia James is leading a bipartisan coalition urging the U.S. Senate to reject a major cryptocurrency bill.

The CLARITY Act, set for a procedural vote on Tuesday, would create a new federal regulatory framework for the $2.3 billion cryptocurrency market.

James and her colleagues warn that the bill would limit states' ability to oversee the securities and commodities market, giving too much power to Washington.