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NYAG Letitia James Slams GENIUS Act: ’Dangerous Lack of Investor Protections’ in Crypto Bill

NYAG Letitia James Slams GENIUS Act: ’Dangerous Lack of Investor Protections’ in Crypto Bill

Author:
Coindesk
Published:
2025-07-01 17:24:06
19
1

GENIUS Act Lacks ‘Necessary Guardrails’ For Investor Protection, NYAG Letitia James Tells Congress

Wall Street's latest 'innovation' just got called out—hard. New York's top cop says Congress is about to repeat every crypto mistake from 2017.


The guardrails are missing

No safeguards, no oversight—just another free pass for speculators to gamble with retail money. Sound familiar?


Same playbook, different Congress

Lawmakers never learn. The 'GENIUS' branding can't hide what this really is: a regulatory carve-out dressed up as progress.

Remember when 'self-regulation' gave us Mt. Gox? Pepperidge Farm remembers.

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