Congress Targets Crypto ATMs After Americans Lose $333M to Scams

Gambling industry groups want the US Senate to step in to clarify that the Commodity Futures Trading Commission does not have the authority to oversee prediction markets.

The shift to in-person cash collection by crypto scammers complicates fraud detection and prosecution, posing increased risks to vulnerable groups. The post FBI warns crypto scammers are sending couriers to your door to collect cash appeared first on Crypto Briefing.

Congressional scrutiny of Polymarket could lead to stricter regulations on prediction markets, impacting their role in geopolitical forecasting. The post Polymarket’s geopolitics category surges amid Iran war bets appeared first on Crypto Briefing.

The looming shortfalls in Social Security and Medicare could lead to reduced benefits, prompting urgent policy reforms and financial planning shifts. The post Social Security and Medicare trustees reports paint a grim picture for millions of Americans appeared first on Crypto Briefing.

Congressional negotiators folded a statutory ban on a Federal Reserve central bank digital currency into the bipartisan 21st Century ROAD to Housing Act, blocking any Fed-issued retail digital dollar until December 31, 2030. The text now heads back to the Senate floor.

The American Gaming Association, the Indian Gaming Association, and two hospitality unions are pressing senators to insert sports-betting carve-out language into the CLARITY Act, the crypto market-structure bill moving through Congress. The push targets Kalshi and Polymarket.

Trump's strategy may hinder legislative progress, affecting market confidence and complicating national security and election law negotiations. The post Trump ties FISA renewal to voting bill, complicates Congress talks appeared first on Crypto Briefing.

According to the latest Pew Research poll, 49 percent of Americans report using chatbots at least occasionally, but 63 percent think the tech is advancing too quickly. Overall, use of AI chatbots has increased dramatically since 2024, when only 33 percent reported using them. Specifically, ChatGPT's usage has doubled since 2023, with 44 percent of respondents saying they've used it. But opinions remain negative, with only 16 percent saying that AI will have a positive impact on society. Interestingly, it's the younger generations who both report using AI more and who are inclined to have a more pessimistic view. 66 percent of Americans betw … Read the full story at The Verge.