Crypto Crime Surges Amidst Political Memecoins

Blockchain investigators ZachXBT and Taylor Monahan warn that crypto scams are surging, driven by politicians endorsing memecoins and US regulators dropping related court cases. They argue this environment emboldens scammers, with influencers facing “zero repercussions” for defrauding followers. The lack of stringent regulation and enforcement is allowing a “crime supercycle” to flourish in the crypto space.