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Romance‑crypto victim urges stronger e‑wallet rules, law enforcement tools after six‑figure loss

2435723 · February 27, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

A Connecticut resident described a romance‑investment cryptocurrency scam and urged lawmakers to strengthen e‑wallet regulation, expand criminal remedies and provide law‑enforcement tools to freeze and recover digital assets.

Jacqueline Crenshaw, a resident of East Haven, told the Banking Committee that a romance and cryptocurrency investment scam wiped out her life savings and left her facing the loss of her house.

Crenshaw described being contacted on an online dating platform in mid‑2023, transferring funds including retirement savings and proceeds from a remortgage into an Exodus digital wallet and receiving later bogus receipts showing account growth. A $100,000 check she said she received and deposited later proved…

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