A new bill wants to give the Federal Trade Commission $25M to go after crypto’s bad actors

Florida Democratic Congressman Darren Soto introduced a bill on Tuesday that would give the Federal Trade Commission $25 million in funding to go after nefarious actors in the digital asset market, The Block has learned.

In an earlier report, Politico wrote that the bill would also provide the agency, which aims to protect the interests of American consumers and fight anti-competitive business practices, with authority that "would supersede the Commodity Futures Trading Commission."

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