New York Attorney General Letitia James and four district attorneys, including Manhattan’s Alvin Bragg, signed a letter Monday accusing the GENIUS Act of providing “legal cover” for stablecoin issuers to profit from financial crimes while leaving fraud victims without recourse. The prosecutors say the law has provided the “imprimatur of legitimacy” for stablecoins while allowing issuers to “avoid significant regulatory requirements that are needed to combat financing terrorism, drug trafficking, money lau ...