US Senator Elizabeth Warren: Crypto Scammers are Threatening Older Americans

Senator Elizabeth Warren has stated that US securities laws can be used to regulate digital currencies.

She raised concerns about the growing number of cryptocurrency holders in the country, particularly elderly citizens who are at a higher risk of falling victim to fraud.

Warren highlighted the lack of knowledge among American adults about the digital asset market, making them vulnerable to scams related to storing and exchanging tokens.

In order to ensure transparency, it is crucial to have strict regulations in place for this market.

The senator has urged her colleagues to take action and legalize the industry, bringing cryptocurrency transactions under legal jurisdiction.