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New York Attorney General Letitia James proposed the Crypto Regulation, Protection, Transparency, and Oversight Act or CRPTO Act which would regulate all facets of the cryptocurrency industry including registration, disclosure, audit and business conduct rules.
Crypto Regulation Protection, Transparency and Oversight Act, Its purpose is to amend the general business law, in relation to the regulation of digital assets, transfer of such assets; amend financial services law in relation to department of financial services authority
Proposed crypto industry laws would attempt to protect investors and add transparency to an industry with which Attorney General Letitia James has been at odds