Multiple state authorities shared concerns about the upcoming crypto market structure legislation and its impact on their ability to prosecute fraudsters in crimes related to digital assets.

State Regulators Sound The Alarm Over Crypto Bill

Regulators from Alabama to Montana sounded the alarms over the highly anticipated crypto market structure bill, warning that it may “diminish their ability to pursue wrongdoers,” Bloomberg reported on Thursday.

Amanda Senn, director of the Alabama Securities Commission, told the news media outlet that the Senate’s draft of the legislation, the Responsible Financial Innovation Act, does not give state-level regulatory agencies implicit authority to supervise digital asset companies.

This oversight could mean that these authorities may not be able t

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