Connecticut Attorney General William Tong joined a bipartisan coalition of 16 other state attorneys general in sending a letter to the U.S. Senate Banking Committee opposing the Digital Asset Market Clarity Act, warning it would preempt state authority to protect investors from cryptocurrency fraud and scams. The coalition urges Congress to preserve state enforcement, registration, and federal-state cooperation roles over digital assets. This is a legislative advocacy action, not an enforcement action — no entity was charged, no violations were found, and no penalty was imposed.
No remedies imposed. The press release announces a multistate advocacy letter to Congress opposing proposed legislation; the coalition asks Congress to preserve state enforcement roles for tokenized and non-tokenized securities, preserve federal-state cooperation, codify state crypto registration regimes, and clarify ambiguous language in the bill.
This is a legislative advocacy action rather than an enforcement action, so it imposes no direct contractual obligations today. However, if the Clarity Act advances, in-house teams at companies with digital-asset exposure — including payment processors, custody providers, exchanges, and investment platforms — should review change-in-law and regulatory-compliance clauses in vendor and customer agreements to address potential SEC preemption of state registration regimes, representations and warranties regarding the legal classification of digital assets as securities, state licensing and registration obligations for crypto platforms, and allocation of liability for fraud or investor-protection compliance failures. Organizations operating in states that signed the letter (CA, NY, NJ, MA, WA, and others) should anticipate continued aggressive state-level crypto enforcement and ensure vendor agreements include cooperation clauses for state AG inquiries and indemnification for regulatory actions arising from digital-asset services.
Entity
Digital Asset Market Clarity Act (proposed federal legislation — no enforcement target entity)
Industry
OtherOfficial Press Release
https://portal.ct.gov/ag/press-releases/2026-press-releases/ag-tong-calls-on-congress-to-preserve-ability-to-protect-against-crypto-scams
2026914 clarity act letter with signatures.pdf?rev=a9beaeccb
https://portal.ct.gov/-/media/ag/press_releases/2026/2026914-clarity-act-letter-with-signatures.pdf?rev=a9beaeccbccb41b1bfffd343921c9645&hash=F3F0F92FC83E21548101E7FB7B6577FB
Connecticut Attorney General Enforcement Page
https://portal.ct.gov/AG/Privacy/Privacy-Resources
"Attorney General Tong Calls on Congress to Preserve States’ Ability to Protect Americans from Cryptocurrency Scams"
"09/14/2026"
"Attorney General William Tong today joined a bipartisan coalition of 16 other attorneys general in opposing the Digital Asset Market Clarity Act (Clarity Act)"
"the Digital Asset Market Clarity Act (Clarity Act)"
"opposing the Digital Asset Market Clarity Act (Clarity Act)"
"The attorneys general caution that as written, the Clarity Act would prevent states from serving as the first line of defense against the escalating epidemic of cryptocurrency fraud."
Connecticut Attorney General William Tong joined a coalition of states and local governments in filing suit against NHTSA over its rule weakening fuel economy standards for new passenger cars and light trucks. The lawsuit alleges the rule violates the agency’s statutory mandate and the Administrative Procedure Act; no penalty or final remedy is reported.
Connecticut Attorney General William Tong joined a multistate coalition suing the EPA over its repeal of greenhouse gas pollution limits for power plants and separately filed a notice of intent to sue over regulation of existing gas plants. The coalition asks the court to overturn the repeal and restore the protections; the release reports no monetary penalty or final order.
$400.0M
Connecticut Attorney General William Tong announced a $400 million settlement with Sandoz Inc. and Fougera Pharmaceuticals Inc. resolving allegations that the generic drug manufacturers conspired to inflate prices, limit competition, and restrain trade. The settlement includes consumer restitution and injunctive reforms; court approval was being sought.
Connecticut Attorney General William Tong joined a coalition of 21 attorneys general in submitting a comment letter opposing a DHS rule that allows certain affirmative asylum applications to be referred to removal proceedings without an asylum officer interview. The coalition argues the rule violates federal law and harms asylum seekers, including unaccompanied children; this was a policy opposition letter, not a privacy enforcement action.
Connecticut and Massachusetts co-led a coalition protest urging FERC to reject the proposed NextEra Energy-Dominion Energy merger. The coalition argued that the merger could increase market power and threaten energy affordability, reliability, and competition; the release does not report a final enforcement decision or penalty.
Connecticut officials warned residents about potential home improvement scams before an approaching nor’easter, including unlicensed contractors, high-pressure sales tactics, and demands for full payment upfront. The release provides consumer guidance on checking contractors and contract requirements; it does not announce an enforcement action or penalty against a named entity.