{"id":1909,"date":"2025-12-17T21:00:31","date_gmt":"2025-12-17T21:00:31","guid":{"rendered":"https:\/\/bravemoneyminds.com\/index.php\/2025\/12\/17\/crypto-market-update-us-congress-target-crypto-scams-after-us9-3b-in-losses\/"},"modified":"2025-12-17T21:00:31","modified_gmt":"2025-12-17T21:00:31","slug":"crypto-market-update-us-congress-target-crypto-scams-after-us9-3b-in-losses","status":"publish","type":"post","link":"https:\/\/bravemoneyminds.com\/index.php\/2025\/12\/17\/crypto-market-update-us-congress-target-crypto-scams-after-us9-3b-in-losses\/","title":{"rendered":"Crypto Market Update: US Congress Target Crypto Scams After US$9.3B in Losses"},"content":{"rendered":"<\/p>\n

<\/em>Here’s a quick recap of the crypto landscape for Wednesday (December 17) as of 12 noon UTC. <\/strong><\/p>\n

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n<\/p>\n

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Bitcoin and Ether price update <\/h3>\n

Bitcoin (BTC)<\/strong> was priced at US$86,981, down by 1 percent over 24 hours. <\/p>\n<\/div>\n

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Bitcoin price performance, December 17, 2025.<\/em><\/p>\n

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Chart via TradingView<\/p>\n

Ether (ETH) <\/strong>was priced at US$2,927.84, down by 2.6 percent over the last 24 hours.<\/p>\n<\/div>\n

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Altcoin price update <\/h3>\n
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  • XRP (XRP)<\/strong> was priced at US$1.91, down by 1.7 percent over 24 hours.<\/li>\n<\/ul>\n
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    • Solana (SOL)<\/strong> was trading at US$127.60, down by 3.5 percent over 24 hours. <\/li>\n<\/ul>\n<\/div>\n
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      Today’s crypto news to know <\/h3>\n

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      Hut 8 stock jumps after securing Google-backed AI deal<\/h4>\n

      Bitcoin miner Hut 8 (TSX:HUT) is leaning harder into artificial intelligence infrastructure after locking in a 15-year, US$7 billion lease tied to its River Bend campus in Louisiana. <\/p>\n

      The agreement covers 245 megawatts of IT capacity and includes a financial backstop from Google, which guarantees lease payments for the duration of the base term. <\/p>\n

      While Google will not operate the facility or run workloads on-site, its backing significantly lowers counterparty risk and boosted investor confidence. Hut 8 shares rose nearly 4 percent in regular trading before surging more than 21 percent in premarket action, extending year-to-date gains to roughly 79 percent. <\/p>\n

      The deal ranks among the largest AI infrastructure commitments ever secured by a publicly listed Bitcoin miner. <\/p>\n

      US senators push new task force as crypto scams cost Americans US$9.3B<\/h4>\n

      A bipartisan pair of US senators has introduced legislation aimed at tightening the federal response to cryptocurrency-related fraud after reported losses surged last year. <\/p>\n

      The SAFE Crypto Act would require the Treasury Department to form a dedicated task force focused on detecting and preventing crypto scams. <\/p>\n

      Lawmakers cited FBI data showing Americans lost about US$9.3 billion to crypto investment fraud in 2024, a 66 percent jump from the previous year. Older investors accounted for a disproportionate share of those losses, according to federal officials. <\/p>\n

      The proposed task force would bring together agencies including the Treasury, DOJ, FinCEN, and the Secret Service, alongside state and local law enforcement. <\/p>\n

      Russian regions back expanded crypto mining bans<\/h4>\n

      Energy officials in parts of eastern Russia are welcoming plans to extend seasonal crypto mining bans into year-round prohibitions, the Russian newspaper Kommersant reported.<\/p>\n

      Authorities are expected to block all mining activity in southern Buryatia and Zabaykalsky Krai starting in 2026, citing chronic strain on local power grids. <\/p>\n

      Regional officials said electricity shortages across several Siberian regions have approached 3,000 megawatts, making mining restrictions a necessary stabilizing measure. The move would also expand an existing winter-only ban that runs from mid-November through mid-March. <\/p>\n

      The decision marks a reversal from earlier government signals that no additional mining bans were planned.<\/p>\n

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      Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n

      Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

      This post appeared first on investingnews.com<\/div>\n

      <\/p>\n","protected":false},"excerpt":{"rendered":"

      Here’s a quick recap of the crypto landscape for Wednesday (December 17) as of 12 noon UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ether price update Bitcoin (BTC) was priced at US$86,981, down by 1 percent over 24 hours. Bitcoin price […]<\/p>\n","protected":false},"author":1,"featured_media":1910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/posts\/1909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/comments?post=1909"}],"version-history":[{"count":0,"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/posts\/1909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/media\/1910"}],"wp:attachment":[{"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/media?parent=1909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/categories?post=1909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bravemoneyminds.com\/index.php\/wp-json\/wp\/v2\/tags?post=1909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}