US Treasury asks regulators to take more action against crypto scams

The Treasury Department is keenly aware that crypto scams and hacks remain serious problems, and it's pressuring the rest of the US government to respond. As The Washington Postnotes, the Treasury has issued a report calling on other federal regulators to further crack down on scams and other illegal crypto activity. Officials want agencies to "expand and increase" investigations and enforcement, issue clearer guidance and help crypto users understand both risks and the reporting tools at their disposal.