- Letitia James wants strong, fair crypto rules across the U.S.
- She says people need protection from scams and fake coins.
- If Congress agrees, crypto could become safer and more trusted.
New York Attorney General Letitia James is asking the U.S. government to step in and create strong, clear rules for the crypto world. In April 2025, she sent a letter to top lawmakers in Congress, saying it’s time to protect regular people from scams and fake promises in the crypto space. She believes better laws are needed so that crypto companies follow the same rules everywhere in the country.
Why Is She Asking for This?
Letitia James is worried that many crypto companies are operating without proper oversight. Right now, there are no clear rules that apply to all of them, and this is making it easier for scammers to take advantage of people who don’t fully understand how crypto works. She wants Congress to make it mandatory for crypto firms to register with the government and to follow proper guidelines before launching tokens.
She also wants minimum standards for which digital coins can be listed. This means not every random token should be allowed to be sold to people. Some of them are just fake or misleading, and without rules in place, investors can easily lose their money.
What’s Wrong with the Current System?
Currently, different states and agencies in the U.S. have their own ways of handling crypto, and there’s no one-size-fits-all rule. This makes things confusing for both companies and users. It also gives bad actors a chance to play the system by operating in places with the weakest rules. Letitia James says this has gone on for too long and it’s time to fix it with strong national laws that apply to all crypto companies, no matter where they are.
She also pointed out that crypto is growing fast, and the old rules can’t keep up. This gap is letting fraud grow. More people are putting money into crypto these days, and without solid protections, many could lose their savings to risky or shady projects.
What Could Change If Congress Acts?
If Congress agrees with Letitia James, the crypto industry could soon see new rules that apply to everyone. That would mean companies would have to follow proper steps before launching their platforms or tokens. It might make things a bit tougher for some businesses, but it could also help make the entire crypto space more trustworthy.
Some people in crypto will welcome these changes. They think strong rules will bring more people and bigger investors into the space. Others might worry that too many rules could slow down innovation or push startups to move out of the U.S. Still, it’s clear that more and more people want rules that are simple, fair, and protect everyone.
Conclusion
Letitia James is making a big push for better crypto laws across the country. She believes this will stop scams and make things safer for everyone involved. Her call for change is getting attention and could help shape the future of crypto in the U.S.
