Regulators in multiple U.S. states warn that crypto bills may weaken enforcement capabilities

ChainCatcher News, according to Bloomberg, regulatory agencies from several states, including Alabama and Montana, have warned that the crypto market structure bill currently under consideration in Congress could weaken states' ability to enforce actions against cryptocurrency crimes. This concern is particularly noteworthy at a critical time when cryptocurrency prices are near all-time highs and fraudulent activities are on the rise.

Regulators stated that, as bad actors attempt to exploit investors' strong demand for digital assets, now is an especially inappropriate time to weaken enforcement capabilities.