Billions of Dollars Stolen in Crypto Scams while U.S. Regulators Ponder Crypto Rules

The SEC, CFTC, Treasury and Congress are taking years to figure out if cryptocurrency is a commodity or a security, and which agency has regulatory jurisdiction over which digital assets.

Meanwhile, hackers have already stolen a staggering $3 billion from cryptocurrency bridges in high profile 2022 hacks, according to many industry reports. And underreported is the fact that hundreds of millions of dollars have been stolen from consumers using bot-controlled scams that proliferate at the rate of about 15 new ones every hour.

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