The Australian regulator warns the CRIPTO ‘Horror Scenarios’ if Trump relaxes the regulation

The head of the Australian competition regulator warned that the US president Donald Trump’s Pack for rElax Cripto Regulations He could lead to “Horror Screenplay” for Australian consumers by being more vulnerable to investment fraud.

Gina Cass-Gottlieb, Chairman of Australian competition and consumer commission (ACCC) said that every weakening of surveillance in the United States could deter risks associated with the crypt.

Cass-Gottlieb said ABC News:

“This is an environment – due to the sophistication of global crime, and also because it is potentially regulatory” release “- that we certainly have improved concern.”

Trump, who positioned as a pro-crypt candidate, promised to turn us into a “cripto capital planet.” Under its new administration, the regulatory landscape has already started to be transferred to a A friendly environment for cripto.

His attitude marks the sharp contrast of President Joe Biden, whose administration conducted legal action against the main cryptian companies and adopted “regulation by applying” approach, which drew broad criticism.

Crypto fraud are the main concern

According to ACCC, Australian consumers lost more than $ 1.3 billion for investment frauds in 2023. years, Aripto playing a significant role – either as a method of payment or as the subject of false schemes.

As part of its execution priorities for 2025-26, ACCC focuses on financial fraud and frauds in addition to wide competition in industries such as air force and retail.

The controller warned that the CRIPTO regulations were strengthened in large markets like the United States, fraudsters can take advantage of deceiving Australian investors.

Cass-Gottlieba’s notes come as Australia continues to discuss its regulatory access to digital property. The country has introduced strict licensing requirements for CRIPTO services providers, but consumer protection proponents claim that more monitoring needs to cover false schemes.

The concern of the ACCC adds to the current global discussion on cryptic regulation, with policy makers balancing innovation and financial security in the middle of establishing the main adoption of digital assets.

Rising fraud

According to the Web3 report security firm Civers, SCAMS to make pigshire It dominated Cripto Prevara 2024. years, which is $ 3.6 billion in losses.

The long-term method of fraud, where the victims are swallowed over time before they are forced into false investments, they also surpassed other forms of crypt’s scams. Civers followed these frauds to over 150,000 backdresses, emphasizing the scheme widespread nature.

The gestions have increasingly relied on the introduction of applications and social media to lure the victims, creating false profiles to build trust before they convince them to convince them in false platforms. Despite the rise in false activities, cyber investigators abolished 1.3 billion dollars stolen property through monitoring programs and errors.

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