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GENIUS Act has faced a sharp rebuke from New York AG Letitia James and district attorneys including Alvin Bragg, who say the stablecoin law confers legitimacy while letting issuers keep frozen or stolen funds, profit from reserves, and deny fraud victims restitution. They cite Circle & Tether gains. The post NY Prosecutors Slam GENIUS Act, Claim Tether and Circle Profit From Fraud appeared first on Cryptonews.