PANews reported on April 11 that according to Cointelegraph, New York Attorney General Letitia James wrote to the leaders of the U.S. Congress on April 8, calling for strengthening the federal level of crypto asset regulation and explicitly opposing allowing U.S. pension funds to invest in cryptocurrencies and related ETFs. She pointed out that crypto asset prices fluctuate violently, lack predictable intrinsic value, and are not suitable as long-term savings tools, and said that they pose multiple risks to national security and financial stability. In addition, she suggested that Congress legislate to require stablecoin issuers to have a U.S. regulatory background and ensure that they are backed by U.S. dollars or U.S. bonds on a one-to-one basis.