State AGs Push Back on Clarity Act Over Fear of Losing Crypto Enforcement Powers

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A bipartisan coalition of state attorneys general has voiced opposition to the federal Clarity Act, a proposed cryptocurrency legislation currently under consideration. Their primary concern is that the bill could preempt state-level authority, limiting their ability to pursue securities and commodities cases. The AGs specifically worry this would hamper their efforts to prosecute crypto-related online scams and fraud. The pushback highlights growing tension between federal crypto regulatory efforts and states seeking to retain their own enforcement jurisdiction.

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