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Analyze HR2978 - GUARD Act | DoTheySupportIt

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Analyze HR2978 - GUARD Act

HR2978

GUARD Act

This legislation permits state, local, and tribal law enforcement agencies to utilize federal grant money to investigate financial fraud, elder exploitation, and confidence scams like "pig butchering," which frequently involve cryptocurrency. It authorizes the use of these funds for purchasing blockchain intelligence software and training personnel on blockchain tracing tools. Additionally, the bill directs federal agencies to assist local law enforcement in utilizing blockchain analytics and requires a comprehensive federal report on the scale and impact of these scams.

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