Minnesota Attorney General Keith Ellison joined a bipartisan coalition of 16 attorneys general in a letter to U.S. Senate Banking Committee leaders opposing the Digital Asset Market Clarity Act, warning it would strip states of their ability to combat cryptocurrency scams and fraud. The letter cites over $10 million in crypto scam losses by Minnesotans in 18 months and urges Congress to preserve state registration regimes and enforcement authority. No company was charged and no penalty was imposed; this is legislative advocacy rather than an enforcement action.
Although this is legislative advocacy rather than an enforcement action, it signals sustained and expanding state-level scrutiny of cryptocurrency and digital asset activity across 16 states. In-house teams at companies that accept cryptocurrency payments, operate or host crypto kiosks, or have digital asset exposure should review vendor, customer, and franchise agreements for: (1) state licensing and registration requirements for digital asset platforms, which the coalition seeks to preserve and strengthen; (2) change-in-law and regulatory preemption clauses that allocate compliance responsibility if federal oversight (e.g., SEC preemption under the Clarity Act) shifts; (3) indemnification and limitation-of-liability provisions covering fraud losses arising from immediate and irreversible crypto transactions; and (4) compliance with state-specific prohibitions such as Minnesota's August 1 ban on cryptocurrency kiosks, which may require terminating or renegotiating kiosk vendor and placement agreements.
Entity
Bipartisan Coalition of 16 State Attorneys General
Industry
Other"September 14, 2026 (SAINT PAUL)"
"a bipartisan coalition of 16 attorneys general"
"opposing the Digital Asset Market Clarity Act (Clarity Act)"
"Digital Asset Market Clarity Act (Clarity Act)"
"new Minnesota law went into effect banning cryptocurrency kiosks"
"warn that the Clarity Act would jeopardize their ability to protect investors from rampant digital cryptocurrency fraud and scams"
Minnesota Attorney General Keith Ellison issued a consumer alert explaining how veterans, their families, and others who believe Trajector Holdings owes them money can file claims in the company’s Chapter 11 bankruptcy. The release announces no privacy violation, enforcement penalty, or remedy against the company.
Minnesota and 39 other attorneys general filed a notice in Character Technologies, Inc.’s bankruptcy proceedings raising concerns about the company’s safety and privacy practices and the sensitive information it holds, including children’s private chatbot conversations. The states seek protections for consumers in any sale or transfer of the business or assets; the filing does not impose a penalty or establish a final remedy.
The Minnesota Attorney General filed an Assurance of Discontinuance requiring Auto Tech Donations, Inc. to dissolve after finding that its solicitations and governance did not comply with state requirements. Its president was banned from forming or serving as an officer or director of nonprofits and must provide restitution to donors whose vehicles he resold for personal benefit.
Minnesota Attorney General Keith Ellison and a coalition of 26 states, counties, and cities filed a lawsuit challenging NHTSA’s rule weakening fuel-economy standards for new cars and light trucks. The coalition alleges the rule violates the Administrative Procedure Act and the Energy Policy and Conservation Act; the press release describes a lawsuit filing, not a monetary penalty or final judgment.
A federal court granted summary judgment to Minnesota AG Keith Ellison and a coalition of 22 attorneys general in their lawsuit challenging the CFPB Acting Director’s decision not to seek funding. The court held the refusal unlawful and required the current Acting Director to request necessary funding so the CFPB can continue operating.
$35.0M
Minnesota, the FTC, and a bipartisan coalition of state attorneys general reached a proposed settlement with Corteva over alleged loyalty programs that restricted pesticide distributors from buying lower-cost generic products. Corteva must end the challenged practices, comply with restrictions for 10 years, and pay $35 million to the state plaintiffs, including $1.25 million to Minnesota.