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Scammers are open for business. Washington isn’t.

As a multi-billion dollar criminal scam industry grows, experts urge the federal government to prioritize international enforcement, institutional information sharing, and corporate accountability.

The Hill By Caroline Melear, opinion contributor Captured Jul 31, 2026, 5:37 PM
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Next, a call comes in with the name of your bank, claiming your account is compromised.

Later, you see an ad for a celebrity-endorsed crypto investment on social media.

The bigger problem is, it’s coming from an increasingly sophisticated trillion-dollar criminal scam industry.

And the federal government has largely been negligent in its response.

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