Au'aunaga mo kopi fefa'ataua'iga. Ole matou Algo e otometi lava ona tatala ma tapunia fefaʻatauaiga.
O le L2T Algo o lo'o tu'uina atu fa'ailoga sili ona aoga ma fa'aletonu la'ititi.
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E oʻo atu i le 70 fefaʻatauaʻiga i le masina. E silia ma le 5 paipa o lo'o avanoa.
E amata totogi masina ile £58.
As regulators move to regulate the cryptocurrency space around the world, the US House Committee on Oversight and Reform recently sent letters to four US federal agencies and five cryptocurrency exchanges as it moves to crack down on cryptocurrency-based scams and other vices.
The four federal agencies that received a letter from the committee on Tuesday include the Department of the Treasury, the Federal Trade Commission (FTC), the Commodity Futures Trading Commission (CFTC), and the Securities and Exchange Commission (SEC). Meanwhile, the crypto exchanges mentioned above include BinanceUS, Coinbase, FTX, Kraken, and Kucoin.
The letters, which were signed by Rep. Raja Krishnamoorthi (D-IL) requested “information about the steps they are taking to combat cryptocurrency-related fraud and scams and additional actions that are needed to protect Americans.”
US House Committee Member Krishnamoorthi Speaks
Commenting on the development, Rep. Krishnamoorthi, who chairs the Subcommittee on Economic and Consumer Policy, noted:
“As stories of skyrocketing prices and overnight riches have attracted both professional and amateur investors to cryptocurrencies, scammers have cashed in.”
A report from the FTC in June revealed that 46,000 victims have reported losing over $1 billion in crypto to various scams since the start of 2021. The regulator noted at the time, “That’s about one out of every four dollars reported lost, more than any other payment method.”
Rep. Krishnamoorthi emphasized:
“The lack of a central authority to flag suspicious transactions in many situations, the irreversibility of transactions, and the limited understanding many consumers and investors have of the underlying technology make cryptocurrency a preferred transaction method for scammers.”
The Democratic lawmaker further noted:
“For all these reasons, I am concerned about the growth of fraud and consumer abuse linked to cryptocurrencies.
Notwithstanding federal regulations, cryptocurrency exchanges must themselves act to protect consumers conducting transactions through their platforms. By implementing audit policies, requiring certain disclosures, delisting, and adopting other safety mechanisms, cryptocurrency exchanges can —and should— create safer environments for consumers.”
The agencies and exchanges were requested to provide documents from January 2009, the beginning of Bitcoin, to present by September 12.
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