Proposed New York Bill Looks to Criminalize Crypto Rug Pulls a | 🛡CA Capital Announcements
Proposed New York Bill Looks to Criminalize Crypto Rug Pulls and Scams
New York State Senator Kevin Thomas has proposed a bill that'll criminalize rug pulls and other fraudulent activities within the crypto space.
The proposed bill also seeks an amendment to establish crimes related to virtual token distribution, hidden interest in crypto, and private key misuse as crimes under the New York law.
The bill titled Senate Bill S8839 seeks to define, penalize, and criminalize fraud and target developers and projects created to dupe crypto investors.
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