NY Sen. Thomas proposes to criminalize rug pulls and other crypto frauds By Cointelegraph
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NY Sen. Thomas proposes to criminalize rug pulls and other crypto fraudsNew York State Senator Kevin Thomas introduced a new bill amendment request to establish certain offenses related to rug pulls and other frauds related to virtual token distribution, misuse of private keys and hidden interests in crypto projects.
The bill drafted by Senator Thomas, Senate Bill S8839, calls for defining, penalizing and criminalizing frauds specifically targeted at developers and projects that intend to dupe crypto investors.
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NY Sen. Thomas proposes to criminalize rug pulls and other crypto fraudsNew York State Senator Kevin Thomas introduced a new bill amendment request to establish certain offenses related to rug pulls and other frauds related to virtual token distribution, misuse of private keys and hidden interests in crypto projects.
The bill drafted by Senator Thomas, Senate Bill S8839, calls for defining, penalizing and criminalizing frauds specifically targeted at developers and projects that intend to dupe crypto investors.
Continue Reading on Coin Telegraph
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