Episode 78: Is Crypto The Wild West?

Cryptocurrency is still new, and with new frontiers come new challenges. David DeCarlo and Jake Hamilton from IDFPR’s Office of Innovation join us on our latest episode of Making Cents of Money to discuss gaps in regulation and what can be done to help protect consumers. Show Notes: • CFPB Publishes New Bulletin Analyzing Rise in Crypto-Asset Complaints: https://www.consumerfinance.gov/about-us/newsroom/cfpb-publishes-new-bulletin-analyzing-rise-in-crypto-asset-complaints/ • How Chicago Fell for Crypto: https://chicagoreader.com/news-politics/how-chicago-fell-for-crypto/ • Pew Research Center: https://www.pewresearch.org/short-reads/2023/04/10/majority-of-americans-arent-confident-in-the-safety-and-reliability-of-cryptocurrency/ • Debunking the narratives about cryptocurrency and financial inclusion: https://www.brookings.edu/articles/debunking-the-narratives-about-cryptocurrency-and-financial-inclusion/ • Ariel-Schwab Black Investor Study: https://www.schwabmoneywise.com/tools-resources/ariel-schwab-survey-2022 • www.reportfraud.FTC.gov • www.IlAttorneyGeneral.gov • www.IDFPR.illinois.gov • www.investor.gov • www.theblock.co • www.coindesk.com • www.coinmarketcap.com • Sign up for Bloomberg Cypto Newsletter: https://www.bloomberg.com/account/newsletters/crypto • Track IDFPR Digital Asset Bills: Go to www.ilga.gov and search for SB 3666, SB 3670, and SB3675