New York AG Proposes Landmark Crypto Law, Citing 'Dysfunction'

New York Attorney General Letitia James proposed a state law to tighten rules over cryptocurrency companies in her latest swing at an industry she claims is suffering from "rampant fraud and dysfunction." From a report: Under her proposal, New York would require independent public audits of crypto exchanges and bar people from owning both brokerages and tokens to prevent conflicts of interest. In a statement Friday, James called her proposal "the strongest and most comprehensive set of regulatio