“The Genius Act is being threatened and undermined by the Banks, and that is unacceptable — We are not going to allow it,” the president wrote.
In a joint effort between Minnesota lawmakers, local law enforcement, and the Department of Commerce, legislation has been introduced to ban crypto ATMs across the state in response to widespread fraud and financial abuse, particularly of the elderly.
So called "pig butchering" scams are happening on an industrial scale. Politicians have noticed.
d3sign / Getty Images