Crypto Bill Seen Hindering Fraud Prosecutions, States Warn

Crypto Bill Seen Hindering Fraud Prosecutions, States Warn

Just as federal enforcement against digital-asset companies has dropped precipitously, state authorities are voicing concern that their ability to prosecute crypto criminals will soon be vastly diminished.

New Cryptocurrency and Fraud Law in the US Could Hinder Prosecution of Scams - The Cryptocurrency Post

A group of state prosecutors in the United States, alongside victims and compliance experts, has raised alarms about new legislative proposals. They warn that the impending cryptocurrency and fraud law could severely limit their ability to prosecute financial crimes. This concern arises amid staggering losses from scams, according to data from the Federal Trade Commission (FTC). Protection or Barrier? The Dilemma of the New Crypto Regulation Rec…