New York Prosecutors Warn GENIUS Act May Let Stablecoin Firms Profit from Fraud
New York Attorney General Letitia James and four district attorneys — including Manhattan DA Alvin Bragg — have warned in a letter to Democratic senators that the GENIUS Act, the first comprehensive U.S. stablecoin law signed by President Trump in July 2025, grants stablecoin issuers an imprimatur of legitimacy while failing
