Americans for Financial Reform

News Category: Blog

Blog: A Crypto Coup? How Billionaires Are Threatening Democracy & Rewriting the Rulebook of American Politics

Crypto tycoons are storming into U.S. politics and attempting to reshape how we choose our elected officials. And the industry remains mostly controlled by a small group of very wealthy people even though fewer than one-sixth of people have ever owned any cryptocurrency. But crypto tycoons are pouring money into politics, aiming to bypass regulatory oversight, consolidate their power, and restructure American politics for their own benefit.

Blog: Rethinking Remittances 

Rethinking Remittances When Changing a Little Changes a Lot The United States is one of the top sources of remittances in the world, with $79.15 billion in remittances sent to family and friends outside the country in 2022 alone. Despite this huge volume, the costs of remittances remain alarmingly high. In the last three years,

Blog: Seniors Bear Rising Burden of Crypto Scams

Con artists are increasingly turning to cryptocurrency in scams that target older people, accelerating the already surging elder fraud in the United States. Cryptocurrency’s role in elder fraud is exploding,  costing older people billions of dollars annually, emptying retirement funds, life savings and the ability to cover daily expenses or enjoy their retirement.

Blog: Crypto Kleptocracy and the Scammers Paradise

Cryptocurrency promises a high-tech opportunity to make buckets of money, but like most get-rich-quick schemes, rip-offs are ubiquitous. The crypto industry is rife with scams, hustles akin to stock swindles, cyberbreaches, and other crimes that can easily separate investors and consumers from their money.