House passes bill to equip local law enforcement with scam-fighting tools
The U.S. House passed the bipartisan GUARD Act, allowing local law enforcement to use federal grants to investigate financial fraud. Funds will go to analysts, training, and blockchain analytics tools to track stolen cryptocurrency. In 2025, American losses from crypto scams reached a record $11.4 billion.
- GUARD Act allows use of DOJ grants to investigate fraud
- Funds to go to analysts, training, and blockchain tools
- U.S. crypto scam losses in 2025: $11.4 billion
- House also repealed tax on funds stolen by scammers for 2021–2025
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