According to Foresight News, according to the Financial Times, US regulators plan to strengthen customer protection for crypto accounts. The US Consumer Financial Protection Bureau (CFPB) said on Friday that it hopes to require service providers to compensate consumers who lose funds due to hacker attacks or unauthorized transactions, and suggested that digital wallets be placed under the same standards as bank accounts.
The CFPB is seeking to expand the scope of the (Electronic Fund Transfer Act) to protect customers from payment fraud. The agency wants to expand the term "funds" to include crypto tokens such as stablecoins. The agency is seeking industry comments on the proposal by March 31, after which it will decide whether to issue a final rule.