Lawmaker Slams Trump and Musk Over Crypto Consumer Protection Concerns
• 1 min read
A Democratic congresswoman criticizes Trump's meme coin venture and Musk's DOGE influence during a House hearing, highlighting cryptocurrency scams and weakened consumer protections. The debate intensifies between advocates of stricter regulation and those favoring reduced oversight.
CFPB Proposes Mandatory Refunds for Crypto Hack Victims in Landmark Consumer Protection Move
• 1 min read
The Consumer Financial Protection Bureau unveils groundbreaking regulations requiring crypto companies to reimburse customers for hacks and unauthorized transactions. The proposed rule, which redefines 'funds' to include digital assets, comes amid rising security breaches totaling $2.2 billion in 2024 alone.