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

Mars Finance News: On April 10, New York State Attorney General Letitia James wrote to U.S. congressional leaders, calling for strengthened federal regulation of the cryptocurrency industry and explicitly opposing the inclusion of digital assets in U.S. retirement plans. James stated that cryptocurrencies have "no intrinsic value" and are highly volatile, making them unsuitable for retirement savings. She also warned that unregulated cryptocurrencies could undermine the dollar's dominant position, threaten national security, and destabilize financial markets. James proposed regulating stablecoin issuers by requiring them to establish entities in the United States and ensure anti-money laundering compliance. (Cointelegraph)