{"id":154987,"date":"2025-04-11T17:00:55","date_gmt":"2025-04-11T14:00:55","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=154987"},"modified":"2025-04-11T14:05:30","modified_gmt":"2025-04-11T11:05:30","slug":"u-s-dollar-at-risk-new-york-ag-urges-congress-to-rein-in-crypto","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/u-s-dollar-at-risk-new-york-ag-urges-congress-to-rein-in-crypto\/","title":{"rendered":"U.S. Dollar at Risk? New York AG Urges Congress to Rein in Crypto"},"content":{"rendered":"

In her view<\/a><\/strong>, the explosive growth of digital assets\u2014especially Bitcoin\u2014is not just a financial matter but a potential threat to the U.S. dollar’s global dominance.<\/p>\n

James has emphasized the need for a nationwide legal framework to regulate the crypto sector. Without one, she argues, investors remain vulnerable to deception and exploitation, and the broader economy is at risk. Her stance echoes a growing sentiment among officials who believe that digital currencies, while innovative, are increasingly being used for illicit purposes and may destabilize established financial systems.<\/p>\n

Stablecoins, a rapidly growing segment of the crypto market, were singled out in James\u2019 appeal. She proposed that these dollar-linked tokens should only be issued by entities based in the U.S., and should be fully backed by tangible reserves like cash or U.S. Treasuries. In her view, any structure short of this invites manipulation and undermines trust.<\/p>\n