Democratic Senator Blumenthal Calls Crypto “Currency of Choice for Crooks”

Democratic Senator Blumenthal Calls Crypto “Currency of Choice for Crooks”

TL;DR:  During a Capitol Hill parliamentary forum, a romance scam victim testified to losing most of her savings in 2022 through digital assets.  The CLARITY Act, promoted by Republican lawmakers, seeks to establish a federal regulatory framework for the digital asset market in the United States.  Political action committees backed by the crypto sector, such as Fairshake, have allocated tens of millions of dollars to election campaign funding i…

Senator Blumenthal renews criticism of crypto, warns of risi

🚨 Senator Blumenthal calls crypto “the currency of choice for crooks” on X. 🧑‍⚖️ He warns that scams and fraud schemes are rising as the midterms approach. ⚖️ Senate Democrats push back on the CLARITY Act, citing consumer risk in $BTC. 📊 Cry...

Crypto Is for Crooks, Dem Senator Says

Sen. Richard Blumenthal has branded cryptocurrency "the currency of choice for crooks."