The U.S. Senate\'s CLARITY Act, a cryptocurrency regulatory bill, is facing a critical test ahead of a procedural vote. Staff for Senator Elizabeth Warren are opposing an ethics compromise in the latest amendment and questioning whether new enforcement powers for state attorneys general are meaningful. A bipartisan group of 18 state attorneys general urged Congress to block the bill, while eight banking industry groups criticized a new “circuit breaker” clause. Some crypto advocates also objected to reduced protections.

New York Attorney General Letitia James (레티샤 제임스) raised strong concerns that a crypto market-structure bill being discussed in the U.S. Congress could weaken state oversight and enforcement powers. In written testimony submitted to a Senate panel, she said the Digital Asset Market CLARITY Act could effectively neutralise state regulation and concentrate authority in the Commodity Futures Trading Commission. She urged keeping state powers for fraud investigations and consumer protection, citing rising complaints and reported losses of about $500 million.