⚖️ Manhattan DA Pushes for Stronger Crypto Enforcement 🚨💰
- DA’s Urgent Call: Manhattan District Attorney urges U.S. lawmakers to expand enforcement tools against crypto fraud.
- Trigger Event: The collapse of NYC Token (linked to former mayor Eric Adams) after one wallet pulled $2.5M liquidity, wiping out 80% of its value.
- Legislative Delay: Senate vote on the CLARITY Act postponed, with debates over stablecoin yields and DeFi oversight.
- Global Crackdown: India froze $472K in scam assets; Chainalysis reports $17B lost to crypto scams in 2025, much driven by AI-powered impersonation.
- Investor Impact: Market volatility continues, institutions remain cautious, awaiting regulatory clarity.
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