Connecticut Attorney General William Tong joined a bipartisan coalition of 16 other state attorneys general in sending a letter to the U.S. Senate Banking Committee opposing the Digital Asset Market Clarity Act, warning it would preempt state authority to protect investors from cryptocurrency fraud and scams. The coalition urges Congress to preserve state enforcement, registration, and federal-state cooperation roles over digital assets. This is a legislative advocacy action, not an enforcement action — no entity was charged, no violations were found, and no penalty was imposed.
No remedies imposed. The press release announces a multistate advocacy letter to Congress opposing proposed legislation; the coalition asks Congress to preserve state enforcement roles for tokenized and non-tokenized securities, preserve federal-state cooperation, codify state crypto registration regimes, and clarify ambiguous language in the bill.
This is a legislative advocacy action rather than an enforcement action, so it imposes no direct contractual obligations today. However, if the Clarity Act advances, in-house teams at companies with digital-asset exposure — including payment processors, custody providers, exchanges, and investment platforms — should review change-in-law and regulatory-compliance clauses in vendor and customer agreements to address potential SEC preemption of state registration regimes, representations and warranties regarding the legal classification of digital assets as securities, state licensing and registration obligations for crypto platforms, and allocation of liability for fraud or investor-protection compliance failures. Organizations operating in states that signed the letter (CA, NY, NJ, MA, WA, and others) should anticipate continued aggressive state-level crypto enforcement and ensure vendor agreements include cooperation clauses for state AG inquiries and indemnification for regulatory actions arising from digital-asset services.
Entity
Digital Asset Market Clarity Act (proposed federal legislation — no enforcement target entity)
Industry
OtherOfficial Press Release
https://portal.ct.gov/ag/press-releases/2026-press-releases/ag-tong-calls-on-congress-to-preserve-ability-to-protect-against-crypto-scams
2026914 clarity act letter with signatures.pdf?rev=a9beaeccb
https://portal.ct.gov/-/media/ag/press_releases/2026/2026914-clarity-act-letter-with-signatures.pdf?rev=a9beaeccbccb41b1bfffd343921c9645&hash=F3F0F92FC83E21548101E7FB7B6577FB
Connecticut Attorney General Enforcement Page
https://portal.ct.gov/AG/Privacy/Privacy-Resources
"Attorney General Tong Calls on Congress to Preserve States’ Ability to Protect Americans from Cryptocurrency Scams"
"09/14/2026"
"Attorney General William Tong today joined a bipartisan coalition of 16 other attorneys general in opposing the Digital Asset Market Clarity Act (Clarity Act)"
"the Digital Asset Market Clarity Act (Clarity Act)"
"opposing the Digital Asset Market Clarity Act (Clarity Act)"
"The attorneys general caution that as written, the Clarity Act would prevent states from serving as the first line of defense against the escalating epidemic of cryptocurrency fraud."
Connecticut Attorney General William Tong joined attorneys general from 17 states in an amicus brief urging the New York Court of Appeals to preserve state authority to pursue fraud cases. The underlying civil case alleges that Donald Trump and his co-defendants inflated asset values to obtain better loan and insurance terms; this press release announces advocacy, not a new enforcement order or penalty.
$220.0M
Connecticut and a coalition of 36 attorneys general reached a $220 million settlement with General Motors over the collection and sale of consumers’ driving behavior and location data to data brokers and insurers without adequate disclosure or consent. The settlement requires affirmative express consent before collecting or disclosing driving and location data, limits data collection, and imposes privacy program assessments and dealership oversight and training.
Connecticut Attorney General William Tong and 13 other attorneys general sent Meta a letter after the No Kings Coalition’s Instagram account was mistakenly suspended during a nationwide election-related day of action. The letter asks Meta to explain the suspension, its use of human review, steps to prevent similar errors, and how users can seek redress; it does not announce a fine or impose a remedy.
Connecticut joined the FTC and attorneys general from 19 other states in suing Dollar General, alleging that it repeatedly charged customers more at checkout than prices displayed on shelves, tags, and advertisements. The complaint alleges years of overcharging and insufficient safeguards, but the release does not report a settlement, court order, or monetary penalty.
$500K
Connecticut Attorney General William Tong announced settlements with SunRun, Inc., Elevate Solar Solutions, and two salespeople over allegations of deceptive solar sales, including impersonating consumers and locking homeowners into long-term contracts without consent. SunRun must pay $300,000 and provide consumer relief; Elevate and the salespeople face a stated $200,000 penalty, with $100,000 suspended subject to ongoing compliance.
$8.0M
Connecticut announced an $8 million settlement with Mylan over allegations that it used agreements to delay generic EpiPen competitors and took other actions that inflated prices. Mylan also agreed to provide 10,000 free EpiPens; the release states that Mylan denies wrongdoing.