Cryptocurrency News & Discussion
r/CryptoCurrency
I honestly have zero empathy for people who invest in PEPE and lose money. I don't feel sorry for them at all. It is a shitcoin. I would say that anyone who invested in PEPE before it blew up is greedy. There are people who invested some spare change in it and did good.
Coins like this one, in my opinion, have bad impact on crypto.
New people join, get scammed, think crypto is a scam, stop investing in crypto.
Their roadmap:
I mean, come on...phase 2 Vibe and HODL?
Phase 3 - Pepe merch and Pepe academy?
It is a memecoin.
Ted Cruz and Rand Paul along with two other Senators, introduced a bill to "eliminate the Bureau of Consumer Financial Protection" (CFPB). They did so in one of the shortest bills that I have read, using only 9 lines for the entire bill.
What is the CFPB?
The CFPB's mission is
We’re the Consumer Financial Protection Bureau, a U.S. government agency dedicated to making sure you are treated fairly by banks, lenders and other financial institutions."
Simply, they are a regulatory body that fields consumer complaints and then contacts the company the complaint is with, or in the case where there is no company to contact, they contact the regulatory body that oversees the entity which the complaint is with. I was not able to find what regulatory body they contact in the case of a crypto-related complaint. They also have the power to launch civil investigations and did that with Nexo in 2022.
Crypto CFPB Complaints
The CFPB has received over 3,300,000 consumer complaints, of which only 8,000+ are with related to crypto with over 60% of the complaints being related to frauds and scams.
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