Crypto executives and lobbyists are working with state legislators across the U.S. to craft favorable laws, The New York Times reported, in the second of a series that shows mainstream media’s increased coverage of the industry. KReyofCoinDesk reports.
Many states, eager to attract the jobs they think the industry will bring, are rushing to grant the legislative wishes of the crypto companies.
Some consumer advocates are worried that an accommodative attitude on the part of the states will lead to regulations without adequate protection from crypto scams and risky practices.
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