TechFlow, Oct. 3 — According to Bloomberg, regulators from multiple states ranging from Alabama to Montana have warned that the crypto market structure bill currently under congressional review may weaken states' enforcement capabilities in combating cryptocurrency-related crimes. These concerns are particularly significant at a time when cryptocurrency prices are nearing record highs and fraudulent activities are on the rise.
Regulators stated that undermining enforcement power at this moment—when bad actors are attempting to exploit strong investor demand for digital assets—would be especially ill-timed.
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