#cryptocurrency kiosk scams

The post AARP Backs CLARITY Act Ahead of Senate Banking Markup appeared on BitcoinEthereumNews.com. Key Takeaways AARP supported Section 205 because cryptocurrency kiosks are linked to fraud against older Americans. Losses cited by the group exceeded $389 million across more than 13,460 complaints. Lawmakers may weigh federal registration rules while preserving state authority over kiosk safeguards. AARP Backs Section 205 Ahead of CLARITY Act Markup AARP, the nation’s largest nonprofit, nonpartisan organization that advocates for 125 million Americans age 50 and older, expressed strong support for provisions in the CLARITY Act market structure legislation released ahead of the Senate Banking Committee’s May 14 markup. The group urged lawmakers to preserve Section 205, which would require cryptocurrency kiosk operators to register with the Treasury Department as money transmitters while protecting state power to regulate the machines. In a letter dated May 13 from Bill Sweeney, AARP’s s

AARP urged senators to preserve Section 205 of the CLARITY Act as cryptocurrency kiosk scams draw concern. The group cited more than 13,460 complaints and $389 million in reported losses tied to the machines. AARP Backs Section 205 Ahead of CLARITY Act Markup AARP, the nation’s largest nonprofit, nonpartisan organization that advocates for 125 million […]