N.Y. AG proposes tougher crypto regulations

The proposed CRPTO Act would codify the BitLicense program and address what Letitia James views as gaps in existing protections for investors.
New York Attorney General Letitia James (D) (AP Photo/Brittainy Newman, File)

New York Attorney General Letitia James (D) is proposing sweeping new regulations on the cryptocurrency industry that she says if adopted would be the toughest in the nation.

James released a 30-page draft bill Friday dubbed the Crypto Regulation, Protection, Transparency and Oversight Act that aims to protect investors while cracking down on bad actors.

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