News Explorer — Proposed CRYPTO Act Seeks to Criminalize Unlicensed Crypto Operations

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Jan 16, 12:25 pm

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Proposed CRYPTO Act Seeks to Criminalize Unlicensed Crypto Operations

The CRYPTO Act proposed by Manhattan District Attorney Alvin Bragg and New York State Senator Zellnor Myrie aims to criminalize unlicensed crypto operations, addressing the growing underground economy fueled by cryptocurrency. Violations could lead to penalties ranging from a Class A misdemeanor to a Class C felony.

The CRYPTO Act proposed by Manhattan District Attorney Alvin Bragg and New York State Senator Zellnor Myrie aims to criminalize unlicensed crypto operations, addressing the growing underground economy fueled by cryptocurrency. Violations could lead to penalties ranging from a Class A misdemeanor to a Class C felony.

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