Congress, close the crypto crime gap — before criminals get there first
By Chris West
Published on April 30, 2026.
The FBI has reported that cryptocurrency-related fraud losses have risen to over 11 billion nationwide. Investment scams tied to digital assets now account for the largest share of losses. In Oklahoma alone, over $37 million was stolen through cryptocurrency related scams. The problem is exacerbated by criminals exploiting a system that hasn't kept pace with how money now moves. Traditional financial institutions operate under clear Bank Secrecy Act and anti-taxation requirements, but not all digital asset platforms, exchanges, and cryptocurrency ATMs comply with these requirements. The National Sheriffs' Association is urging Congress to apply the same anti-money laundering and tax evasion standards to digital platforms that already govern banks.
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