New York lawmakers propose new bill to criminalize cryptocurrency fraud such as "pump and run"
Documents from the New York State Assembly show that New York State Assemblyman Vanel has introduced a bill numbered A06515, aimed at defining virtual token fraud, illegal "pump and dump" schemes, private key fraud, and fraud involving undisclosed virtual token rights as criminal offenses. Once the bill is passed, it will clearly define various fraudulent activities in the cryptocurrency field and provide legal basis for cracking down on illegal activities in the blockchain industry. Currently, there are no similar bills to this one, and it is still in the review stage.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
DoraHacks officially launches BUIDL AI, opening automated payment service for hackathons
TRON Breaks Key Resistance, Eyes Additional 450% Price Increase
Obol Collective may launch OBOL token on May 15
Trending news
MoreCrypto prices
More








