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NY prosecutors raise alarm over GENIUS Act on fraud: Report

Five New York officials reportedly argued that the GENIUS Act could reduce incentives for stablecoin issuers to cooperate with law enforcement, potentially allowing criminal misuse.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

NY prosecutors raise alarm over GENIUS Act on fraud: Report

Five New York officials reportedly argued that the GENIUS Act could reduce incentives for stablecoin issuers to cooperate with law enforcement, potentially allowing criminal misuse.

Why this matters

This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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