Crypto News: US Secret Service to Get More Resources for Crypto Crime Investigations

Key Points:

• The House Financial Services Committee is considering a bill that would allocate more resources to the U.S. Secret Service for investigating crypto crimes.
• This move reflects the growing concern over the use of cryptocurrencies for illegal activities such as money laundering and fraud.
• The bill aims to empower the Secret Service to crack down on crypto-related crimes and enhance their ability to track down perpetrators.

Hot Take:

Looks like the Secret Service is getting a crypto upgrade! Who knew they’d be trading in their suits for some blockchain detective work? Watch out, crypto criminals – the long arm of the law just got a little bit longer!

Read full article at https://www.coindesk.com/policy/2024/02/29/us-house-panel-seems-poised-to-disapprove-of-controversial-sec-custody-guidance/?utm_medium=referral&utm_source=rss&utm_campaign=headlines