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U.S. Senator Introduces Bill to Avert Crypto Scams

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U.S. Senator Jerry Moran introduced S.3428 to create a task force targeting crypto scams. The bill, sent to the Senate Banking Committee, follows a rise in investment and pig butchering schemes. The FBI logged over 47,000 crypto scam complaints in 2024, with losses hitting $16.6 billion. The proposal mirrors Senator Crapo’s TRAPS Act (S.2019). Broader Market Structure Bill talks continue, with Democrats pushing for changes on token classification and stablecoin yield. Traders are keeping an eye on altcoins to watch amid shifting crypto market regulations.
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