The CFTC and the Department of Justice's (DOJ) National Cryptocurrency Enforcement Team (NCET) held its first Fraud Disruption conference this week to tackle crypto scams such as romance scams, which cost Americans billions of dollars each year, making them a key enforcement priority. The agencies participating in this meeting include the FBI, the Social Security Administration, the US Treasury, the Drug Enforcement Administration (DEA), the US Postal Inspection Service, the US Secret Service, the US Attorney's Office for the District of Columbia, the US Attorney's Office of Massachusetts, and the US SEC. Rostin Behnam, chairperson of the CFTC, stressed the urgency of cracking down on the schemes, saying: "It is alarming to hear stories of countless Americans being targeted for fraud by criminal organisations around the world." He highlighted the CFTC's commitment to strengthening customer protections against retail fraud. The conference focused on prevention strategies, technical disruption of fraud, and cooperative law enforcement efforts. Attendees also launched an anti-fraud campaign to alert Americans to the emerging threat of fraud. (Bitcoin.com)