According to BlockBeats, on March 6, the New York State Legislature is reviewing a proposed bill, A06515, aimed at establishing several offenses related to cryptocurrency fraud. Introduced by Assemblyman Vanel, the bill seeks to amend the New York Penal Law by adding new provisions under Chapter K, Section 191. These provisions specifically address fraudulent activities in the cryptocurrency sector, including virtual token fraud, illegal 'rug pulls' (where project developers take the funds), private key fraud, and fraud involving undisclosed interests in virtual tokens.
