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New York AG Letitia James Warns Stablecoin Law Fails to Protect Fraud Victims

February 2, 2026
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New York Lawyer Common Letitia James and 4 district attorneys warned that the GENIUS Act provides stablecoin issuers authorized cowl to revenue from fraud whereas failing to require the return of stolen funds to victims. In accordance with the letter, first reported on by CNN’s Allison Morrow, addressed to Senate Democratic leaders, James and prosecutors together with […]



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Tags: FailsFraudJameslawLetitiaProtectStablecoinvictimsWarnsYork
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