Wall Street's Strongest Regulatory Strike

AiCoin|Mar 07, 2025 06:00
The New York State Assembly's A06515 bill tackles meme coin scams with four key criminal offenses:
⚖ "Virtual Token Fraud" ends deceptive "hundredfold coin" schemes.
💼 "Rug Pull Offense" criminalizes developers absconding with funds.
🔑 "Private Key Theft" charges unauthorized wallet key transfers.
🕵️♂️ "Undisclosed Interests" mandates transparency akin to public companies.
"This is the first high-voltage grid in the crypto wilderness," says CertiK's chief analyst. With 120 billion lost to scams, regulators are finally taking action.
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