New York Proposes Crypto Regulatory Bill "CRPTO"
New York regulatory actions against the crypto industry have diminished the growth of the sector in New York. After introducing the BitLicense requirement and a two-year moratorium on new permits for proof-of-work crypto mining, New York is taking further regulatory actions to vex the cryptocurrency industry. advertisement New York Proposes Bill To Regulate Crypto New York Attorney General Letitia James proposes the Crypto Regulation , Protection, Transparency and Oversight Act (CRPTO) bill to further tighten rules over cryptocurrency companies in the state. The bill will be submitted for consideration in the New York State Senate and Assembly legislative session starting June 8. The bill will increase the New York Attorney General Office’s enforcement authority of cryptocurrency firms. In addition, codifying the New York State Department of Financial Services’ jurisdiction to license crypto firms and oversee the state’s digital asset licensing ...