US CFTC official calls for developing fraud database
CFTC official offers to create a centralized database to strengthen fraud prevention, especially amidst the escalating crypto-related ransomware attacks reported in 2023. Commodity Futures Trading Commission (CFTC) official Christie Goldsmith Romero offered to develop a national registry to make it easier for investors and law enforcement to find records of financial fraud convictions and civil penalties. According to Reuters, speaking at the conference, she demanded that US regulators develop a centralized database of financial irregularities. This can help fight scammers. “This would be a comprehensive record that the public can easily check before giving someone their money, their trust and their business.” Christie Goldsmith Romero, CFTC official Goldsmith Romero noted that such a registry would help the government find repeat offenders and deter potential scammers. “We know that fraud is massively present in the crypto space, but there’s so much ...