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Minnesota AG Ellison joins 16-state bipartisan coalition opposing Clarity Act preemption of state crypto fraud enforcement

Bipartisan Coalition of 16 State Attorneys GeneralSeptember 14, 2026Minnesota Attorney General

Summary

Minnesota Attorney General Keith Ellison joined a bipartisan coalition of 16 attorneys general in a letter to U.S. Senate Banking Committee leaders opposing the Digital Asset Market Clarity Act, warning it would strip states of their ability to combat cryptocurrency scams and fraud. The letter cites over $10 million in crypto scam losses by Minnesotans in 18 months and urges Congress to preserve state registration regimes and enforcement authority. No company was charged and no penalty was imposed; this is legislative advocacy rather than an enforcement action.

Contract Impact

Although this is legislative advocacy rather than an enforcement action, it signals sustained and expanding state-level scrutiny of cryptocurrency and digital asset activity across 16 states. In-house teams at companies that accept cryptocurrency payments, operate or host crypto kiosks, or have digital asset exposure should review vendor, customer, and franchise agreements for: (1) state licensing and registration requirements for digital asset platforms, which the coalition seeks to preserve and strengthen; (2) change-in-law and regulatory preemption clauses that allocate compliance responsibility if federal oversight (e.g., SEC preemption under the Clarity Act) shifts; (3) indemnification and limitation-of-liability provisions covering fraud losses arising from immediate and irreversible crypto transactions; and (4) compliance with state-specific prohibitions such as Minnesota's August 1 ban on cryptocurrency kiosks, which may require terminating or renegotiating kiosk vendor and placement agreements.

Contract Search Terms

cryptocurrencydigital assetcrypto kioskstate registration requirementsecurities preemptionregulatory change clausedigital currency paymentfraud loss indemnificationchange in law provisionSEC preemption

Laws Cited

Digital Asset Market Clarity Act (Clarity Act)Minnesota cryptocurrency kiosk ban law (effective August 1)

Violation Types

Entity Details

Entity

Bipartisan Coalition of 16 State Attorneys General

Industry

Other

Multistate Coalition

Arizona AGConnecticut AGDelaware AGDistrict of Columbia AGIllinois AGKansas AGMaryland AGMichigan AGNew Jersey AGNew York AGNevada AGOhio AGVirginia AGWashington AGWisconsin AG

Official Sources

Source Evidence

Event Date
"September 14, 2026 (SAINT PAUL)"
Entity Name
"a bipartisan coalition of 16 attorneys general"
Event Type
"opposing the Digital Asset Market Clarity Act (Clarity Act)"
Laws Cited
"Digital Asset Market Clarity Act (Clarity Act)"
Laws Cited
"new Minnesota law went into effect banning cryptocurrency kiosks"
Summary
"warn that the Clarity Act would jeopardize their ability to protect investors from rampant digital cryptocurrency fraud and scams"

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