Odaily Planet News The state of Montana in the United States is accelerating the development of a digital asset regulatory framework to address the increasing trend of cryptocurrency fraud. James Brown, the state's Securities and Insurance Commissioner, cited data from the Federal Trade Commission, stating that the total fraud losses in the United States reached $1.25 billion in 2024, a year-on-year increase of 25%. The elderly population, ranking sixth in demographic proportion, has become the primary target of these frauds. Brown supports the "Cyber Token Regulation Act" under review by the state legislature, which will authorize regulatory agencies to conduct entry reviews and ongoing supervision of blockchain transaction service providers. If the bill passes, Montana will become the first judicial jurisdiction in the United States to systematically regulate on-chain transaction entities. (Bitcoin.com)