Cybersecurity Expert Backs Elizabeth Warren’s Anti-Crypto Legislation Proposal

A cybersecurity expert is endorsing Senator Elizabeth Warren’s anti-crypto legislation proposal, saying that it would cut down on scams. According to a new press release, Warren, a Democrat representing Massachusetts, asked cybersecurity expert Steve Weisman during a special Senate hearing on Aging if her proposed legislation would help cut down on crypto scams. Weisman responded […]

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Senator Warren Focuses on Crypto Scam Risks for Seniors, Advocates New Legislation

Senator Warren emphasized the Digital Asset Anti-Money Laundering Act, gaining bipartisan support to regulate crypto activities and protect vulnerable populations from financial fraud. (Read More)

Elizabeth Warren highlights surge in crypto scams against seniors, endorses new protective legislation

Senator Elizabeth Warren warned of cryptocurrency scams targeting seniors during a U.S. Senate Special Committee on Aging on Nov. 16. There, Warren cited statistics from the FBI indicating that crypto fraud stole $2.5 billion from consumers in 2022. She added that this fraud primarily targets consumers. She emphasized that such fraud often targets the aging […]

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Zelle Begins Refunding Scam Victims in Major Tone Shift

Zelle, a payments app owned by seven of America’s largest banks, began reimbursing victims of imposter scams on the platform, according to an emailed statement from the company. Early Warning Services, the network operator of Zelle, says it will proces…