New York State AG proposes broad regulations for the cryptocurrency industry

New York State may soon have its own legislation to prevent crypto scandals on par with FTX's downfall. Attorney General Letitia James has proposed a law, the CRPTO Act (Crypto Regulation, Protection, Transparency and Oversight), that's meant to thwart cryptocurrency fraud and protect investors. Whether or not it's the "strongest and most comprehensive" set of crypto regulations that James touts, it would theoretically prevent repeats of some high-profile incidents.