Bitcoin (BTC) and the Crypto Anti -Money New York Chief Public Prosecutor to Congress to Congress! “Take action now!”

In previous statements Crypto currencies warning against risks New York Chief Prosecutor Letitia Jamesnew explanations came from.

NY Attorney General Letitia James called on the Congress to strengthen the crypto regulation.

James, also US pension funds to crypto currencies or Bitcoin (BTC) like kripto etfHe asked the Congress to take action to stop his investment in their investment.

He claimed that crypto currencies showed high volatility and did not have internal values.

“The value underlying the crypto currencies is unpredictable and there are no real prices, it is not determined. Because they do not have an internal values ​​on which their prices are based.

Crypto currencies are extremely inappropriate for retirement accumulation due to their high volatility.

For this reason, I urge the Congress to enact the Congress to enact a law that will strengthen the federal regulations in the crypto currency sector to protect investors, strengthen financial markets and stop fraud. ”

He stated that the widespread expansion of crypto currencies without regulation and appropriate security measures affected the dollar and markets negatively.

NY Chief Public Prosecutor “The widespread of unprocessed crypto currencies weakens the dominance of the US dollar, weakens national security due to criminal activities, damages the stability of financial markets and exposes investors to price manipulation and fraudulent markets.” he said.

James also made a series of suggestions to Congress.

Stablecoin James suggested that the exporters should be found in the US and be under regulatory supervision and proposed that stablecoins be supported by US dollar or treasury bills.

*It is not an investment advice.