The U.S. Consumer Financial Protection Bureau (CFPB) has proposed a new regulation aimed at enhancing protections for cryptocurrency users, particularly in the wake of significant losses due to hacks and scams. The proposed rule mandates that crypto firms refund users for funds lost to hacks, aligning these protections with those traditionally afforded to U.S. bank account holders. In 2024 alone, the crypto sector experienced losses exceeding $3 billion, with $2.15 billion attributed to hacks and $834.5 million to scams. Notably, North Korean hackers were responsible for stealing $1.34 billion, including a $300 million attack on Japan's DMM exchange. The CFPB's initiative comes as part of a broader effort to address the growing concerns surrounding the security of digital assets, following a year in which $2.2 billion was drained from platforms due to hacking incidents. The CFPB is currently seeking feedback on the proposed rules, which could have significant implications for stablecoin issuers and wallet providers.