New York is headed for a political showdown between its two powerful financial regulators over crypto legislation.
After New York Attorney General Letitia James filed a landmark lawsuit in October against two major crypto firms, Gemini and Digital Currency Group, her staff has renewed its lobbying effort on lawmakers to support proposed legislation that would expand her office’s supervision over the tumultuous industry, according to interviews with more than a dozen New York lawmakers, government officials, and political insiders.
