TechFlow, April 11 — According to Cointelegraph, New York Attorney General Letitia James wrote to U.S. congressional leaders on April 10 urging stronger federal regulation of the cryptocurrency industry and explicitly opposing inclusion of digital assets in American 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 dominance of the U.S. dollar, threaten national security, and destabilize financial markets. James proposed regulating stablecoin issuers by requiring them to establish a U.S. presence and ensure compliance with anti-money laundering regulations.
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