Letitia James sent a letter to Congress, calling the crypto industry a threat to financial stability, national security, and the US dollar
Cited risks of sanctions evasion (North Korea, Iran, Russia)
Accused crypto exchanges of market manipulation
Proposed banning the combination of issuer, broker, and custodian roles in one company
Opposes using crypto in retirement savings
She wants all market participants to register with the SEC, CFTC, or a new regulatory body