For Legitimacy, Crypto Task Force’s Policy Pronouncements Must Use Notice-and-Comment Rulemaking
As agency actions increasingly insulate SEC leadership from accountability, crypto scam risk grows for everyday Americans and older adults
WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, issued the following statement on today’s filing of Better Markets’ Comment Letter to the SEC’s Crypto Task Force:
“Today, the SEC is hosting a webinar about relationship investment scams to commemorate World Elder Abuse Awareness Day. Criminals often perpetrate relationship investment scams by using crypto, and the FBI’s 2024 report on internet crime revealed that Americans over 60 reported losing almost $2.9 billion to crypto frauds last year. This made Americans over 60 the most financially…
