QUORUMCALL//GPT:
U.S. Senator Elizabeth Warren is advocating for a crackdown on cryptocurrency scams, which she says are causing harm to seniors. Her call comes amid a surge in digital currency frauds.
THE PROBLEM
– Sen. Warren is urging the Federal Trade Commission (FTC) to increase efforts to halt crypto scams.
– Her concern is that seniors are becoming the primary victims of these scams, resulting in significant financial losses.
ACTION TAKEN
– In a letter to the FTC Chair Lina Khan, Warren highlighted the need for a concerted effort to combat digital currency scams.
– She asked the FTC to use its full authority to protect consumers, especially seniors, from these scams.
TOPICS COVERED
#ConsumerProtection #Cryptocurrency #FinancialScams
The Sierra Sun Times, a local news outlet from Mariposa, California, provides a detailed account of Senator Warren’s actions.