[COINTELEGRAPH] CFPB proposes crypto firms refund users for funds lost to hacks
🇺🇸 U.S. regulator plans to toughen customer protection on crypto accounts - Financial Times. 👀 https://t.co/AsTFvdZB5Q
US regulator plans to toughen customer protection on crypto accounts https://t.co/hmgSrVyHSD
The U.S. House Financial Services Committee has announced plans to establish a regulatory framework for digital assets aimed at protecting investors and consumers while fostering innovation in the country. Concurrently, the Consumer Financial Protection Bureau (CFPB) is proposing that U.S. cryptocurrency companies be held accountable for refunding customers whose accounts are hacked. This initiative seeks to align the standards for digital wallets with those of traditional bank accounts, enhancing customer protection in the cryptocurrency sector.
