State securities official Claire McHenry warned that AI and cryptocurrency ATMs are fueling a rise in digital asset fraud, disproportionately affecting seniors.
A US state securities regulator is set to propose a strategy to protect Americans from a surge in digital asset fraud driven by increasingly sophisticated artificial intelligence tools.
Claire McHenry, Nebraska Department of Banking and Finance (NDBF) deputy director and president of the North American Securities Administrators Association (NASAA), is set to present her testimony before the Securities and Exchange Commission (SEC) Investor Advisory Committee on March 6.
McHenry’s testimony will highlight a significant increase in digital asset fraud, with scammers leveraging AI, social media and cryptocurrency ATMs to exploit retail investors in America, especially seniors.
