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Some crypto investors are on the edge of financial ruin after trusting their nest eggs to two unregulated crypto marketplaces that went bankrupt.
Many put their life savings into virtual currency only to see their money frozen while the courts decide the fate of their investments.
Their plight has members of Congress calling for investor education and greater regulation.
Senators Debbie Stabenow, D-Mich., and John Boozman, R-Ark., introduced a bill Wednesday to give the Commodity Futures Trading Commission new tools and authorities to regulate digital commodities.
CRYPTOCURRENCY LENDER CELSIUS NETWORK FILES FOR BANKRUTPCY AS PRICES CRASH