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Lawmakers preview 'Scam Act' and Clarity Act measures to limit scam sites and risky crypto vending
Summary
Committee members described pending and proposed laws — including a bipartisan 'Scam Act' to force removal of scam sites and a Clarity Act provision to limit Bitcoin ATM transactions — as part of a multi-pronged approach to reduce scams.
Members and witnesses previewed legislative options during the oversight session and highlighted bills already moving in Congress. Dan Muser described a proposed "Scam Act" aimed at requiring social platforms to remove reported scam sites and said the bill had bipartisan sponsors in the present draft.
The participants also discussed the Clarity Act and specific language targeting Bitcoin vending machines, including a cited $3,500 per-transaction limit in the draft language. Lawmakers framed these measures as complements to enforcement and industry takedowns rather than as sole solutions.
