Staff for Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee, are criticizing the new ethics provisions included in the revised crypto bill. A bipartisan coalition of 18 state attorneys general, led by New York Attorney General Letitia James, is urging lawmakers not to pass the legislation, arguing it could weaken states’ ability to pursue cryptocurrency fraud. Eight banking trade groups have also criticized the provisions designed to protect community bank deposits. Republican Senator Susan Collins has yet to decide whether to support the bill, describing it as a moving target of over 600 pages.
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