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New York Attorney General Letitia James warns that Bitcoin’s rise could undermine the U.S. dollar’s global dominance. She calls for urgent federal regulation to safeguard financial stability and curb illicit crypto activity.
- Letitia James warns Bitcoin could erode the U.S. dollar’s role in global trade and weaken America’s economic influence.
- The NY AG calls for comprehensive crypto regulation, including AML compliance and anti-manipulation measures.
- Crypto firms have spent over $119 million lobbying in the current election cycle as regulatory discussions heat up.
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