The Attorney General of New York State sent a letter to congressional leaders, urging the promotion of the implementation of a digital asset regulatory framework

ChainCatcher news, FOX reporter Eleanor Terrett posted on social media, "New York Attorney General Letitia James sent a letter to congressional leaders, the Speaker of the House, and the House Minority Leader, urging them to pass a federal regulatory framework for digital assets to mitigate the risks of fraud, criminal activity, and financial instability.

She stated that the widespread adoption of Bitcoin threatens the dominance of the dollar and called for the 'localization' of stablecoins (i.e., promoting their development within the United States) to protect the dollar's dominance. James also opposed allowing digital assets to be included in retirement accounts."