New York Attorney General urges Congress to ban retirement funds from investing in cryptocurrency

ChainCatcher news, New York Attorney General Letitia James sent a letter to U.S. congressional leaders on April 10, calling for stronger federal regulation of the cryptocurrency industry and explicitly opposing the inclusion of digital assets in U.S. retirement plans. James stated that cryptocurrencies have "no intrinsic value" and are highly volatile, making them unsuitable for retirement savings. She also warned that unregulated cryptocurrencies could undermine the dollar's dominance, threaten national security, and disrupt financial market stability. James proposed regulating stablecoin issuers, requiring them to establish a physical presence in the U.S. and ensure anti-money laundering compliance.