U.S. CFTC, Department of Justice, FBI and other federal agencies will jointly combat crypto fraud

On July 13th, reported that the US CFTC and the Department of Justice's National Cryptocurrency Enforcement Team (NCET) held the first Fraud Disruption Conference this week to address cryptocurrency scams such as Ponzi schemes. These types of scams result in billions of dollars in losses for American citizens every year, making them a key focus of law enforcement. Institutions participating in this conference include the FBI, Social Security Administration, US Treasury Department, DEA, US Postal Inspection Service, Secret Service, US Attorney's Office for the District of Columbia, Massachusetts Attorney's Office, and the SEC.