New York Attorney General Letitia James led a bipartisan coalition of 17 other state attorneys general in sending a letter to Congress opposing the Digital Asset Market Clarity Act, warning that the bill would preempt state attorneys general authority to combat cryptocurrency fraud and scams. This is a legislative advocacy action, not an enforcement action against any company, and no penalties or remedies were imposed. The coalition urged Congress to preserve state enforcement power over both tokenized and non-tokenized securities and state crypto registration regimes.
This is a legislative advocacy action rather than an enforcement action against a company, so there are no direct compliance mandates. However, it signals that a broad bipartisan coalition of state attorneys general intends to preserve and continue aggressive enforcement against cryptocurrency and digital asset platforms under existing state securities laws. In-house teams at crypto, fintech, or financial services companies should review state registration and licensing representations and warranties in platform, vendor, and customer agreements to confirm compliance certifications with state securities regulators are current; check regulatory-change and preemption clauses that assume federal (SEC) oversight supersedes state law; and ensure indemnification and enforcement-cooperation provisions account for potential multistate AG actions. Companies operating in digital assets should not rely on anticipated federal preemption and should maintain compliance programs covering state-level registration regimes for both tokenized and non-tokenized assets.
Entity
Not applicable (no company named - coalition letter to U.S. Congress re: Digital Asset Market Clarity Act)
Industry
Financial ServicesOfficial Press Release
https://ag.ny.gov/press-release/2026/attorney-general-james-calls-congress-preserve-states-ability-protect-americans
2026.9.13 clarity act letter with signatures
https://ag.ny.gov/sites/default/files/letters/2026.9.13-clarity-act-letter-with-signatures.pdf
New York Attorney General Enforcement Page
https://ag.ny.gov/press-releases
"New York Attorney General Letitia James today led a bipartisan coalition of 17 other attorneys general in opposing the Digital Asset Market Clarity Act (Clarity Act)"
"September 14, 2026"
"the Clarity Act would jeopardize their ability to protect investors from rampant digital cryptocurrency fraud and scams"
"Digital Asset Market Clarity Act (Clarity Act)"
"Arizona, California, Connecticut, Delaware, Illinois, Kansas, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, Ohio, Virginia, Washington, Wisconsin, and the District of Columbia"
"Joining Attorney General James in sending the letter to Congress are the attorneys general of"
$352K
New York Attorney General Letitia James settled with Brooklyn High Rise LLC for illegally denying housing to prospective tenants based on housing court records, a practice known as tenant blacklisting. The company also charged non-refundable 'good faith' deposits. Brooklyn High Rise will pay $352,250 in penalties and restitution and must end its unlawful tenant screening practices.
New York Attorney General Letitia James issued an industry alert urging workers with knowledge of unsafe or illegal conduct in AI development to file confidential complaints through the OAG's secure whistleblower portal. The alert cites the OAG's monitoring of cybersecurity, economic, and other safety risks from emerging AI, and highlights the RAISE Act (effective January 1, 2027), which will require large AI developers to publicly disclose safety measures and report security incidents, as well as the SHIELD Act's data security requirements. No company was named, charged, or penalized; the alert signals impending OAG enforcement authority over AI developers.
$700.0M
New York Attorney General Letitia James, leading a bipartisan coalition of 39 other states, the District of Columbia, and Hawaii's Office of Consumer Protection, secured a $700 million settlement from Credit Acceptance Corporation (CAC), a subprime auto lender, resolving allegations of deceptive and abusive lending. The lawsuit alleged CAC pushed tens of thousands of consumers into unaffordable loans with average interest rates above 38 percent, bundled with expensive add-on products consumers were told were mandatory or never told about, causing widespread defaults and vehicle repossessions. Note: this is a consumer-lending enforcement action rather than a privacy matter, so no privacy violation categories from the taxonomy apply.
$700K
New York Attorney General Letitia James secured a settlement with two Mt. Kisco car dealerships, DARCARS Lexus and DARCARS BMW, that deceptively charged a two percent 'sales commission' fee that was optional, provided no consumer benefit, and was never paid to the salesperson, and that misleadingly bundled a low-value aftermarket product ('DARCARS Assurance') into sales and lease agreements as if it were mandatory. The dealerships will pay more than $1.17 million in consumer refunds (with potentially millions more through a claims process) plus $700,000 in penalties. They must clearly disclose all future fees and add-ons, are banned from selling DARCARS Assurance or similar junk bundles at any New York dealership, and must conduct annual fair-business-practices training for all employees.
$8.0M
New York Attorney General Letitia James secured an $8 million settlement from VGW Holdings Pty. Ltd. and its affiliates for unlawfully operating online sweepstakes casinos — Chumba Casino, Global Poker, and Luckyland Slots — that allowed New Yorkers to play casino games with virtual coins exchangeable for cash or prizes. The OAG's June 2025 cease and desist letter stopped the company from offering virtual coin gambling in New York, and Governor Hochul signed a formal ban on sweepstakes casinos into law in December 2025. Under the settlement, VGW will pay $8 million in disgorgement, penalties, and costs; note this is an illegal-gambling enforcement action rather than a privacy matter, so no privacy violation taxonomy categories apply.
$824K
New York Attorney General Letitia James secured a settlement with 425 Marcy, LLC and its principal Ezra Unger over the unlawful pre-sale of condominium units at 427 Marcy Avenue in Williamsburg before the required Martin Act offering plan was accepted for filing, and the misuse of $6.715 million in buyer down payments that were never placed in escrow. Unger agreed to repay residential buyers their down payments with interest or provide purchase credits, pay up to $824,000 in penalties, and is barred from selling securities in New York for six years. Note: this is a real estate offering-plan/escrow enforcement action rather than a data privacy matter; 'notice_failure' is the closest available taxonomy mapping (selling without the required offering plan disclosures).