Из жизни альткоинов
Dogecoin And Shiba Inu Make Coinbase’s List In Latest Product Launch
Dogecoin and Shiba Inu have secured a place in Coinbase’s latest product expansion, a notable moment for meme coins within the regulated crypto derivatives market. Coinbase confirmed the launch of US perpetual-style futures trading in an announcement on X for a range of altcoins on Coinbase Derivatives, available around the clock.
Coinbase Expands Derivatives Access With Meme Coins IncludedAccording to a recent announcement on X, US Perpetual-Style Futures are now live on Coinbase Derivatives. Among a lineup dominated by established layer-one networks and infrastructure tokens, Dogecoin and Shiba Inu stood out as the only meme-based assets included, showing how these tokens are being positioned within institutional-grade trading environments.
The new product rollout allows both retail and institutional traders to access US-regulated perpetual-style futures through approved Futures Commission Merchants. Coinbase is effectively placing both meme coins alongside assets such as Cardano, Chainlink, and Polkadot in its derivatives ecosystem with its extension of this offering to Dogecoin and Shiba Inu. In the case of Shiba Inu, the newly listed futures contract comes with a 1,000x multiplier.
This means that demand for structured exposure to these leading meme coins has grown beyond spot trading, with traders increasingly seeking hedging and leverage tools tied to them.
What This Means For DOGE And SHIB Moving ForwardRecent price action for both Dogecoin and Shiba Inu has offered little encouragement. Both cryptocurrencies are currently locked in an extended declining price action and low whale activity, except for a spike in whale activity witnessed by Shiba Inu earlier in the month. This occurred in tandem with a +1.06 trillion net change to the amount of SHIB on exchanges, which is also another sign of the intense selling pressure surrounding the meme coin.
However, behind the scenes, Dogecoin and Shiba Inu might be working towards a bullish momentum in their fundamentals. For one, the availability of perpetual-style futures for Dogecoin and Shiba Inu could add to how traders interact with these assets. Futures markets often attract higher trading volumes and more sophisticated participants, which can influence price discovery and volatility patterns.
As the largest crypto exchange in the United States, Coinbase provides the best regulated gateway for institutional traders. Therefore, this development may increase institutional visibility for Dogecoin and Shiba Inu in the US market while also providing traders with new ways to manage risk.
At the time of writing, Shiba Inu is trading at $0.000007523, down by 3% in the past 24 hours. Notably, the meme coin is currently trading at its lowest price point in over a year.
Dogecoin is also trading at its lowest price point in over a year. The king of meme coins is currently trading at $0.1256, down by 3.2% in the past 24 hours.
Mixed Signals for XRP as Price Weakness Collides With Bold Analyst Targets
XRP is closing out 2025 caught between two opposing forces. On one side, price action has weakened, technical indicators are flashing caution, and liquidity has thinned as the holidays approach.
On the other hand, analysts continue to publish ambitious upside targets, while fresh narratives around utility, adoption, and yield generation keep the token in focus. The result is a market struggling to reconcile near-term pressure with longer-term expectations.
After spending much of the year underperforming other large-cap cryptocurrencies, XRP has slipped below the closely watched $2 level. That breakdown has sharpened debate over whether the market is entering a deeper correction or simply extending a prolonged consolidation phase.
XRP Price Structure Shows Growing StrainTechnical analysts point to mounting downside risks. XRP has formed what some describe as a higher-timeframe double-top near the $3.30–$3.40 region, with momentum indicators rolling over.
The $1.85–$1.90 zone is now acting as a critical support area. A confirmed break below that range could expose XRP to a deeper pullback toward the $1.60–$1.65 region, aligning with key Fibonacci retracement levels.
Additional on-chain metrics add to the cautious tone. XRP continues to trade well above its realized price, a condition that in previous cycles has preceded mean-reversion pullbacks.
Meanwhile, moving averages and momentum indicators, such as the MACD, remain tilted to the downside, reinforcing the view that sellers retain control in the short term.
Analysts Split Between Caution and OptimismDespite the weak chart structure, some analysts argue that the broader narrative has not changed materially. Vincent Van Code has noted that while XRP’s price performance disappointed in 2025, there has been no clear fundamental shock to explain the decline.
Legal clarity around Ripple, ongoing institutional interest, and XRPL development remain intact, suggesting the disconnect may be driven more by market structure and liquidity than by fundamentals.
Others are more explicit with upside targets. Analyst Dark Defender, who previously identified the $1.88 support zone, argues that XRP has completed a corrective phase under Elliott Wave analysis.
From that perspective, targets around $5.85 remain possible in the next major advance, though timing depends heavily on broader market conditions.
Utility Narratives and Speculation Add NoiseBeyond price charts, new narratives are complicating sentiment. Reports highlighting XRP-based yield strategies, including mining-related platforms, have circulated widely; however, these claims vary in transparency and risk, and are not directly tied to XRP’s core protocol.
Separately, unconfirmed rumors suggesting that EA Sports may explore XRP for in-game payments have briefly reignited discussion around mass adoption, even as no official confirmation has emerged.
XRP currently sits at an uncomfortable crossroads. Technical pressure is real, downside risks remain, and patience is being tested. At the same time, bold analyst targets and recurring adoption stories ensure the token remains one of the most closely watched assets heading into early 2026.
Cover image from ChatGPT, XRPUSD chart from Tradingview
Crypto Treasury Firms Face $15B Selling Pressure From MSCI Decision
Analysts have calculated that passive funds could pull as much as $11.6 billion from companies that treat large crypto holdings as corporate treasuries if MSCI removes them from its indexes, a move that would force index-tracking vehicles to sell shares.
Reports say that number comes from adding direct MSCI-tracked outflows to possible follow-on selling by other index providers.
Estimated Outflows RangeThe figure sits inside a wider band of estimates. Some analysts and press pieces put the possible damage anywhere between $10 billion and $15 billion, depending on whether other major index providers copy MSCI’s decision and how much passive money is forced to move.
The analysis that produced these numbers looked at roughly 39 listed companies that meet MSCI’s proposed definition of a digital-asset treasury firm.
MSCI’s Proposal And The MechanicsAccording to MSCI’s own consultation documents, the index provider is reviewing a rule that would treat companies holding more than 50% of their assets in digital assets as non-constituents of its broad equity indexes.
MSCI extended the consultation through December and said it expects to announce conclusions by January 15, 2026, with any changes applied in the February 2026 index review. If a firm is removed, funds that track MSCI benchmarks typically must reduce or sell their stakes automatically.
We spell out the potential implications of MSCI’s proposed 50% DAT exclusion rule: https://t.co/ceJZU0dRTP pic.twitter.com/5CixFrEYVR
— George Mekhail (@gmekhail) December 17, 2025
Strategy Stands OutJPMorgan’s work has been singled out in multiple reports. According to that note, Strategy alone could face about $2.8 billion in passive outflows if removed from MSCI indexes, and larger losses if other index families follow.
Analysts say Strategy’s unique position — with a very high share of its balance sheet in Bitcoin — makes it the single biggest driver of the total outflow math.
Risk To Crypto HoldingsSome sectors warn that, beyond stock selling, the companies themselves might liquidate crypto positions to meet margin or liquidity needs, which could push crypto asset sales toward a figure as high as $15 billion in the worst scenarios. That would add direct selling pressure to both the equities and crypto markets.
Industry PushbackBased on reports, a group named Bitcoin For Corporations, along with several affected firms, pushed back, saying the MSCI test relies on a single balance-sheet threshold that doesn’t reflect how these companies actually operate.
The campaign has drawn public comments and petitions; several reports put the signature count at about 1,200 to 1,300. Companies have filed feedback with MSCI and have argued for an operations-based classification instead of a holdings-based cut-off.
Featured image from Unsplash, chart from TradingView
Shiba Inu Whale With 16.4% Of Total Supply Breaks Multi-Year Silence
A long-dormant Shiba Inu wallet that on-chain watchers have tracked since the meme coin’s early days just pinged the market again — this time by sending a chunky clip of SHIB to an exchange.
According to posts from on-chain analyst 余烬 (@EmberCN), the address moved roughly 469 billion SHIB (about $3.64 million) into OKX roughly nine hours before the post hit X on Dec. 18, 2025.
Mega Whale Stuns Shiba Inu CommunityIn 2020, the “top whale” who bought 1.03 trillion $SHIB (17.4% of the total supply) using only 37.8 ETH ($13.7K), transferred 469 billion SHIB ($3.64 million) into #OKX 9 hours ago,” EmberCN wrote.
That “top whale” label is doing a lot of work here. The wallet is known for an almost absurd entry: buying roughly 103 trillion SHIB back in 2020 for just 37.8 ETH. Then the 2021 mania happened. At the cycle peak, that stake would have been worth around $9.1 billion. And the whale, famously, didn’t cash most of it.
EmberCN says the address still controls about 96.684 trillion SHIB, or roughly 16.4% of total supply, valued around $722–$726 million depending on the price snapshot used. “At the 2021 price peak, his 1.03 trillion SHIB was worth $9.1 billion. He has not sold the vast majority of these coins yet, and currently still holds up to 96.684 trillion SHIB (16.4% of the total supply), worth $726 million,” @EmberCN explained.
The reason traders care about “to OKX” is obvious: deposits to exchanges can be a prelude to selling, collateralizing, or rotating into something else. Still, a deposit is not a sale. Overall, it’s unclear whether the SHIB has been dumped yet.
Zoom out and it’s not the first time the wallet has stirred. EmberCN previously flagged activity in July 2023, describing transfers of 1.5 trillion SHIB split across three addresses (500 billion each) after a long dormant stretch.
On July 12, already alerted the Shiba Inu community when he posted: “After being dormant for 610 days, he made another move: 4 hours ago, he transferred 1.5 trillion SHIB to 3 addresses, with 500 billion SHIB ($3.75M) to each address. He bought 1.03 quadrillion $SHIB, and only sold 1.9 trillion SHIB ($18.79M) in 2021 at a price of 0.0000098. The remaining 1.01 quadrillion (17.2% of the total SHIB supply) is distributed across 17 addresses and held to this day, with a current total value of $760 million.”
So, is this “the” sell signal? Maybe. Maybe not. But when an entity sitting on 16.4% of supply starts routing size toward an exchange again, the market tends to stop scrolling.
At press time, SHIB was down 3.9% over the past 24 hours, more or less tracking the broader market wide pullback in the same window. On the chart, it’s not pretty: the current weekly candle has broken below a key support zone around $0.00000790.
That puts the Oct. 10 low at $0.00000680 back in play as the next obvious downside check. If that level gives way, traders will likely start eyeing the June 2023 low near $0.00000543 as the next major reference point.
Solana Price Could Crash Below $5 – The Document That Has Taken The Community By Storm
A crypto analyst has issued a stark warning to the SOL community, predicting that the Solana price could crash below $5. The expert’s bearish thesis is based on an extensive review of US federal court documents, suggesting that ongoing legal challenges and potential flaws in the Solana blockchain could lead to the end of the cryptocurrency.
Analyst Predicts Solana Price Crash And AnnihilationA crypto analyst who calls himself ‘NoLimit’ on X has released a report that has sent shockwaves through the Solana community. He shared court documents suggesting SOL could be nearing its end, with a potential price drop below $5 over the next two years. Currently trading at $122, this would represent a staggering 95.9% decline.
In his post, NoLimit revealed that he had spent more than 12 hours analyzing court documents, claiming that the findings are highly concerning to Solana. The report highlights recent developments in a US federal court where a second amended class action complaint has been allowed to proceed.
The analyst noted that the lawsuit involved Pump.fun, Solana Labs, and several other entities linked to the Solana ecosystem. He stated that the court’s decision to proceed shows there is enough evidence to pursue legal actions, putting SOL’s operations under significant scrutiny.
The allegations focus on insiders seemingly gaining unfair advantages during meme coin launches. According to NoLimit, Plaintiffs claimed that Solana’s validator system and transaction-priority tools allowed certain players to buy tokens faster and cheaper. At the same time, retail investors were left at a disadvantage as prices exploded and collapsed minutes or seconds later. The analyst notes that many investors had experienced this same issue on Pump.fun.
NoLimit disclosed that the lawsuit contends these outcomes, in which insiders sell for profit and retail loses everything, were not accidental but rather a result of the system. The complaint directly ties the alleged insider behavior to SOL, not just to the apps built on the blockchain. If this argument gains legal traction, the analyst notes that it could position the crypto network as a platform for risky coin launches, a host for bad actors, and a contributor to potential market manipulation.
NoLimit also warns that if regulators or courts determine that these meme coin launches operate like unregistered securities or that Solana’s infrastructure enabled unfair access, the chain’s core narrative of being fast, cheap, and permissionless could become a liability. Such a development could scare off institutional investors and large-scale funds, possibly leading to the end of Solana.
Solana Legal Troubles Put Market Trust At RiskNoLimit warns that the most alarming part of Solana’s present legal issues is the potential impact on institutional confidence. According to him, nearly half of SOL’s circulating supply is controlled by ecosystem-linked institutions, insiders, early investors, VCs, and foundations. He emphasized that a mass sell-off from these holders could trigger a severe market reaction.
The analyst highlighted that the key concern is what could happen if trust in SOL collapses. He stated that in crypto markets, trust drives prices, not fundamentals, and when it breaks, crashes can be substantial. Past cases like FTX, Luna, and Celsius show how quickly liquidity can disappear and valuations can plummet.
Bitcoin On-Chain Movement Shifts From High Reward To Tight Margins – Here’s What It Means
Bitcoin experienced a sharp bounce above the $90,000 price mark, but this rise was brief and was cut short by the prevailing volatile market environment. With the persistent waning price action observed over the past few weeks, the once lucrative BTC on-chain moves are no longer paying off as profits have dropped sharply.
Profits From Bitcoin On-Chain Flows FallsThe current Bitcoin market is entering a noticeably different phase, and the evidence is starting to show it. A key on-chain metric indicates that the once-reliable rewards from transferring coins throughout the network are diminishing, suggesting that it is becoming increasingly difficult to profit from rapid price fluctuations.
With volatility decreases and participant behavior changes, BTC may be moving away from a trader-driven ecosystem. This development is spotted in the Bitcoin Spent Output Profit Ratio (SOPR) Trend Signal metric. Bitcoin SOPR Trend Signal is a powerful metric that spots price regions where BTC has been moved at significant profit or loss.
In the past, this crucial indicator has produced precise signals for local highs and lows. As reported by Alphractal, an advanced investment and on-chain data analytics platform, the metric is currently experiencing a steady decline. A decline in the SOPR Trend Signal hints at BTC being moved with progressively lower profits or moving toward loss-making transfers.
Furthermore, Alphractal highlighted that a continued drop in this metric is typical of a bear market phase. However, a true bottom of the price could occur only when green signals appear on the chart. Currently, all indications on the chart suggest that it will take several months for this trend to be validated.
Joao Wedson, the founder of Alphractal, shared his insight on the decline, noting that it is part of the longstanding Bitcoin fractal cycle. Given that the factors influencing its market behavior have expanded, many believe that BTC’s cycles have changed and that this time it is different.
However, on-chain analysis offers a clear view of BTC continuously following its fractal cycle just as it did before. After his analysis of the trend, Wedson claims that nothing in the Bitcoin market cycle has changed so far.
According to the expert, BTC has been one of the most predictable investment assets in the ever-evolving cryptocurrency sector. Meanwhile, many continue to maintain that it must adhere to traditional markets, even though statistics do not support this.
BTC Unrealized Loss At 10%After the pullback in price, Bitcoin’s unrealized losses are at a level that signals resilience rather than widespread distress. CryptoRank, a leading data analytics platform and crypto industry researcher, revealed that unrealized losses now make up 10% of market capitalization.
Despite the recent drop in Bitcoin prices, this implies that the vast majority of holders are still in profit, potentially contributing to hesitation toward further upside in BTC’s price. Interestingly, this lessens panic-driven selling pressure and signals that the market has already absorbed most of its negative risk.
The Decision That Could Change Everything For XRP Investors
Crypto pundit ChartNerd has revealed that the XRP price is currently at a critical support, where the altcoin is set to decide its potential next move. The pundit urged XRP investors to remain patient as they await economic headwinds that could impact the price action.
Pundit Points Out Level XRP Investors Should Keep An Eye OnIn an X post, ChartNerd pointed to the multi-month support at around $1.8, noting that over the last 13 months, the XRP price typically rallies into the trading range resistance when the altcoin approaches that support territory. The analyst’s accompanying chart showed that the altcoin could bounce from this range to above $3, as it had historically.
However, ChartNerd noted that with economic headwinds such as the potential BOJ rate increase, he questioned if this time could be different. He advised investors to hold on to their hats as they await a decision on the altcoin’s next move. The price and the broader crypto market have notably declined ahead of a potential rate hike by the Bank of Japan.
This move by the BOJ could cause a liquidity squeeze and also spark a sell-off among market participants, which is what XRP and other crypto investors look to be pricing in. However, several fundamentals still paint a bullish picture for the altcoin, including the fact that the XRP ETFs just crossed $1 billion in net assets. They have also yet to record daily net outflows since they launched last month.
A Drop To As Low As $1.64 Is Still On The CardsCrypto analyst CasiTrades has predicted that the XRP price could drop to as low as $1.64, likely the final low of this correction. She noted that the token is in the subwave Wave 3 down, with momentum and RSI making new extremes. The analyst added that the next key levels to watch are $1.73 for potential short-term relief and $1.64, which is the macro .618 support.
CasiTrades stated that there is a chance that the XRP price reaches $1.64 directly in this wave 3 down without a relief first. She noted that there won’t be a need for a second test of the area as support if that happens. The analyst expects a strong bounce from $1.64 that would likely open the door for a powerful move back to as high as $3.
CasiTrades also mentioned that she expects this to play out by December 19, with a major time fib landing there. She remarked that this is the market making its decision right at the final moment and that this correction will end very soon.
At the time of writing, the XRP price is trading at around $1.84, down almost 4% in the last 24 hours, according to data from CoinMarketCap.
Top Expert Predicts When XRP Will Flip Ethereum
A bold claim circulating within the crypto community opens up questions about the long-term positioning of XRP relative to Ethereum. The discussion was due to a post on the social media platform X from YoungHoon Kim, who publicly stated that XRP could surpass Ethereum in market capitalization by 2026.
The prediction was presented as a personal opinion rather than financial advice, but it quickly gained traction due to Kim’s growing visibility in crypto discussions and his recent shift in tone to XRP. The timing of the statement, combined with a series of increasingly bullish remarks about the token, brings attention to whether such a scenario could realistically unfold.
XRP Flipping Ethereum By 2026: The Core PredictionAt the base of the conversation is Kim’s assertion that XRP could overtake Ethereum’s market cap within the next year. In his post, he directly compared the two assets, stating that XRP could surpass ETH by 2026.
According to MarketCapOf, in order for XRP to flip the current market cap of Ethereum, it would require not only a substantial price increase but also a push to new all-time highs at $5.64. This would require a sustained change in capital allocation across the broader market.
XRP With The Market Cap Of ETH. Source: MarketCapOf
The possibility of XRP’s expanding institutional usage is a factor that could compress the valuation gap to Ethereum over time. Although the claim is speculative, the 2026 timeframe gives investors a clear timeframe through which XRP can meaningfully challenge Ethereum’s altcoin dominance.
From Bitcoin Advocacy To Direct XRP AccumulationKim, who claims to possess the world’s highest recorded IQ of 276, has frequently highlighted this distinction in his public profile. This is a detail that has added to the attention surrounding his recent statements on XRP. Furthermore, his recent comments have been a change from weeks of near-exclusive Bitcoin commentary to a pivot into XRP. In a previous post on December 12, Young Hoon Kim noted that he is only buying XRP from now on. Shortly before that, he also suggested that XRP has a strong chance of reaching a new all-time high before the end of the year.
In a separate post, he stated that XRP could reach $100 within the next five years. Although this statement is secondary to the Ethereum comparison, it adds important context to Kim’s broader thesis. A $100 XRP would likely require deep institutional adoption and XRP playing a central role in large-scale financial infrastructure.
Some critics view price prediction and the claim of XRP’s market cap overtaking that of Ethereum in 2026 as too optimistic, even some of the most popular XRP analysts. One of the replies came from an X user known as BD, who claims to be the world’s most bullish XRP holder. He warned Kim to be careful of what he is saying. “If you are wrong, you will be the guy with the lowest IQ,” he said.
Последний «ведьмин день» уходящего года грозит биткоину обвалом — Coin Bureau
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Coinbase’s Latest: Prediction Markets And Stock Trading Added To Platform
Coinbase (COIN) revealed on Wednesday its plans to roll out a suite of new products intended to transform the platform into a comprehensive financial application, including the addition of stocks, advanced trading tools, and prediction markets.
Brian Armstrong’s VisionCEO Brian Armstrong envisions his platform as the go-to destination for a diverse range of trades, including stocks, streamlined futures, and perpetual contracts, as well as prediction markets through its partnership with Kalshi.
The prediction market remains defined by Kalshi and Polymarket. However, Armstrong emphasized that the appeal of prediction markets extends beyond mere trading.
“When looking at economic indicators or elections, people utilize prediction markets to gauge what might happen next month,” he explained in an interview with CNBC.
“While only about 1% of users approach it as an asset class for trading, a striking 99% leverage it to obtain insights—almost as an alternative to traditional media or entertainment,” Armstrong further explained.
Recently, Robinhood (HOOD) has demonstrated a similar trajectory by broadening its prediction markets into sports-style contracts resembling parlays and prop bets, marking this category as one of its fastest-growing revenue streams.
New Outcome Trading And Tokenization StrategyCoinbase also aims to introduce its form of outcome trading into a wider ecosystem, betting on the future of brokerage services as a unified platform blending traditional assets, derivatives, and blockchain capabilities.
This trading expansion is closely linked to the cryptocurrency exchange’s tokenization strategy, which aims to bring more traditional assets onto the blockchain, including equities.
The company is launching “Coinbase Tokenize,” an institutional-grade infrastructure designed to support the tokenization of real-world assets (RWAs). Armstrong sees this expansion as a stepping stone toward a more significant goal.
“Trading stocks is a good starting point,” he noted, adding that the ultimate aim is to facilitate the trading of tokenized equities. Achieving this, according to him, could democratize access for individuals globally and unlock new structures in the US market, enhancing professional futures tied to equity trading.
Coinbase Targets All Asset ClassesFor businesses and developers, Coinbase is broadening its appeal beyond retail trading; the company has announced that Coinbase Business will now be accessible to eligible customers in the US and Singapore, along with an expanded API suite encompassing services like custody, payments, trading, and stablecoins.
Armstrong articulates a broader thesis: crypto is not merely a niche but rather a vital upgrade to the entire financial system. He asserts that all major asset classes, including prediction markets, equities, commodities, and, eventually, real-world assets like real estate, will transition to blockchain systems.
Additionally, Coinbase plans to introduce “custom stablecoins” for companies that require branded stablecoin solutions, while also highlighting its x402 payments standard, which aims to simplify stablecoin payments associated with web requests.
Featured image from DALL-E, chart from TradingView.com
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Bipartisan SAFE Crypto Act Unveiled: New Task Force To Combat Digital Asset Scams
In a new bipartisan initiative to regulate the cryptocurrency sector, Senators Elissa Slotkin and Jerry Moran have unveiled the “SAFE Crypto Act,” which aims to establish a federal task force designed to address the increasing risks associated with digital asset scams.
New Task Force ProposedThe SAFE Crypto Act seeks to create a comprehensive task force that will bring together the Treasury Department, law enforcement agencies, regulators, and private-sector experts.
As outlined in the Senators’ announcement, the task force will enhance local law enforcement capabilities, improving their tools for combating crypto-related scams.
“It’s critical we protect Americans against scams in all industries, but especially cryptocurrency as it becomes more popular,” Senator Slotkin emphasized. She believes empowering local law enforcement with the necessary resources to tackle these scams is essential.
Slotkin added, “This task force, established by the SAFE Cryptocurrency Act, will allow us to draw upon every resource we have to combat fraud in digital assets.”
Senator Moran echoed her sentiments, stating, “With fraud and other payment scams continuing to grow, protecting the financial security and well-being of Kansans is critical.”
He noted that their legislation would strengthen coordination among governmental agencies, law enforcement, and the financial services sector as they work together to identify and combat cryptocurrency fraud.
Highlights Of The SAFE Crypto ActThe text of the SAFE Crypto Act outlines several key purposes for the task force. It will examine current trends in financial grooming scams involving digital assets, identify effective prevention methods, and issue recommendations to enhance efforts against these fraudulent activities.
A cross-sector approach will ensure that the task force’s recommendations encompass the entire spectrum of the issue, given that scams affect individuals across multiple jurisdictions and industries, including financial services, telecommunications, and technology.
The task force will also include insights from stakeholders with direct experience supporting scam victims as well as industry participants who can provide valuable information about organized crime networks involved in these scams.
Their work will involve evaluating best practices for countering various methods used by scammers, including Ponzi schemes, money laundering activities, and fraudulent Initial Coin Offerings (ICOs).
Additionally, the task force will be responsible for assessing international efforts to prevent scams involving digital assets and reviewing current scamming methods that target individuals through digital asset intermediaries.
Furthermore, the task force will coordinate efforts to ensure that law enforcement can identify and pursue perpetrators of scams involving digital assets. It will consult with other relevant stakeholders, including state, local, and tribal agencies, as well as financial services providers.
The task force will also determine whether additional federal legislation or resources would be beneficial in combating scams in the digital asset space.
Within one year of its establishment, the task force will submit a comprehensive report to various Senate and House committees, detailing its findings and recommendations. After the initial report, annual updates will also be provided to keep Congress informed of ongoing progress and emerging threats.
Featured image from DALL-E, chart from TradingView.com
