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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.
- Bitcoin's cross-border use could erode the U.S. dollar's role in global trade, per NY AG Letitia James.
- A 2023 U.S. report warns digital assets may reduce dollar dominance, weakening sanctions and economic leverage.
- Crypto firms have spent over $119M this election cycle to shape regulatory policies in Washington.
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