By Brayan Juma — Chief Editor, GCHAM News
The cryptocurrency market has experienced notable fluctuations in recent days, with bitcoin briefly surpassing the $97,000 mark for the first time since November. This surge comes amidst discussions on crypto market structure legislation and a significant increase in crypto scam losses, which Chainalysis estimates reached $17 billion in 2025.
Coinbase’s chief policy officer, Faryar Shirzad, shared his thoughts on the Senate Banking Committee’s crypto market structure bill ahead of its markup on Capitol Hill. The bill aims to provide clarity on the regulatory framework for cryptocurrencies, which could have a significant impact on the market.
Meanwhile, the rise in crypto scam losses has been attributed to the increasing use of AI-enabled tactics, such as impersonation schemes. These scams have resulted in significant financial losses for victims, with some estimates suggesting that over $17 billion was lost in 2025 alone.
The use of AI in crypto scams has become a major concern, with many experts warning about the potential risks associated with these schemes. The rise of ‘pig butchering’ scams, where victims are tricked into believing they are part of a lucrative crypto investment platform, has been particularly problematic.
In response to these concerns, regulatory bodies have begun to take action. The DOJ has filed to seize billions of dollars in crypto assets linked to these scams, and law enforcement agencies have made significant recoveries, including the seizure of 61,000 bitcoin worth $5.5 billion.
Despite these efforts, the crypto market remains vulnerable to scams and fluctuations. The recent data breach at robo-advisor Betterment, which resulted in the theft of customer information and the sending of scam crypto-related messages, highlights the need for increased security measures in the industry.
As the crypto market continues to evolve, it is essential for investors to remain vigilant and informed about the potential risks and regulatory developments. The FAQ section below provides more information on the current state of the crypto market and regulatory discussions.
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