New York AG, 17 Other State Attorneys General Urge Congress to Oppose CLARITY Act, Citing Weaker Investor Protections
Summary
- Attorneys general from 18 U.S. states, including New York, urged Congress to vote against the CLARITY Act ahead of a procedural Senate vote.
- New York Attorney General Letitia James said the bill could empower fraudsters and strip state attorneys general of their authority to protect investors and their assets.
- The attorneys general urged Congress not to pass the CLARITY Act, making their opposition clear ahead of a procedural Senate vote on September 15 to decide whether to take up the bill.
Forecast Trend Report by Period
Attorneys general from 18 U.S. states, including New York, urged Congress to vote against the CLARITY Act ahead of a key Senate procedural vote on September 15.
The Block reported on September 14 that New York Attorney General Letitia James and 17 other state attorneys general sent a letter to Congress opposing the CLARITY Act.
James wrote that, in its current form, the CLARITY Act could empower fraudsters and strip state attorneys general of their authority to protect investors and their assets.
She added that she and her fellow attorneys general were urging Congress not to pass the CLARITY Act.
The opposition came ahead of a procedural vote on September 15 that will determine whether the Senate begins formal consideration of the bill.
