US regulator plans to toughen customer protection on crypto accounts

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Financial Times 11h ago

US regulator plans to toughen customer protection on crypto accounts - Financial Times

Quick Summary:

Two of them, Elon Musk and Vivek Ramaswamy, have both spoken out against the agency and are in charge of Trump’s new effort to reduce perceived government bureaucracy.

Last year there were 303 hacking incidents globally, up from 282 the year before, in which hackers stole $2.2bn, data from blockchain analytics company Chainalysis found.

Its proposal comes as the agency faces an uncertain future following the inauguration of Donald Trump as US president this month.