The House Committee on Oversight and Reform is dialing up the pressure on federal agencies and crypto exchanges to protect Americans from crypto fraudsters.
"As stories of skyrocketing prices and overnight riches have attracted both professional and amateur investors to cryptocurrencies, scammers have cashed in," wrote Rep. Raja Krishnamoorthi, D.-Ill., Chair of the Subcommittee on Economic and Consumer Policy.
In particular, the letters ask that the exchanges produce documents dating back through Jan. 1, 2009, which display efforts to combat crypto scams and fraud, as well as show attempts made to"identify, investigate, and remove or flag potentially fraudulent digital assets or accounts," as well as highlight discussions around"whether to adopt more stringent policies.
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