New York Attorney General Urges Congress to Ban Pension Funds from Investing in Cryptocurrencies

CoinRank News: New York Attorney General Letitia James wrote 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 said cryptocurrencies have no intrinsic value and high volatility, making them unsuitable for retirement savings. She also warned that unregulated cryptocurrencies could undermine the dominance of the U.S. dollar, threaten national security, and undermine financial market stability. James proposed regulating stablecoin issuers, requiring them to establish entities in the United States and ensure anti-money laundering compliance. (Cointelegraph)