TL;DR Breakdown • Ransomware crimes are increasing with the rise of cryptocurrencies.• State senator sends petition to the SEC to regulate cryptocurrencies. Cryptocurrencies have been implicated in ransomware attacks, which worries the United States government and the cabinet of President Joe Biden. Therefore, the American board is preparing to act against these virtual attacks which are becoming more frequent. In the early hours of Friday, the treasury agency said that it would soon impose regulations on cryptos. These measures are made to prevent cyber-criminals from profiting from anonymous crypto transactions. In this way, the ransomware that has affected several national companies will be reduced. Ransomware attack control in the U.S. Since Biden became president, ransomware attacks have been one of the first things he has aimed to control. Together with the Treasury Department, they have created programs that will seek to eradicate the problem. The national agency also wants to create several guides about these cyber-attacks so companies can avoid them. The department also announced several rules against ransomware. The agency will seek to apprehend all those cyber-terrorists for money laundering and the usw of cryptocurrencies to ask for ransom and deliver the stolen data. In this way, the agency would support the cryptocurrencies regulation and prevent data theft online. Investigating crypto transactions supporting c...
