Tell us your crypto experience

[Consumer Reports]   Friend, The price of cryptocurrency has come roaring back this year after a spectacular crash in 2022, which saw most holders of Bitcoin and other cryptocurrencies lose 60 percent or more of their value. That crash – sparked by the bankruptcy and collapse of FTX, one of the largest crypto exchanges in the world – underscored the lack of real regulations for the digital currency. Now, Congress is considering much-needed regulation for the crypto industry, but it’s critical that consumer protections are part of these rules so no one loses their life savings to unscrupulous dealers. Consumer Reports wants to make sure that those writing the rules know about the real-life experiences consumers have had with cryptocurrency, so we can have the strongest protections possible. [If you’ve had a troubling crypto experience, we want to hear about it.]( Have you lost money when investing in cryptocurrency? Were you ever locked out of your crypto wallet or unable to access your funds? Have you been a victim of fraud by investing in a cryptocurrency that turned out to be fraudulent, your wallet being hacked, etc? [Share Your Story]( Unlike traditional financial products like bank accounts and stock investments, crypto is mostly unregulated. Consumers have extremely limited protections when the crypto market crashes, if they try to resolve a dispute with a crypto company, or when crypto companies co-mingle customer assets with theirs – putting those funds at risk of being completely lost if the company collapses. Crypto users lost approximately $2 billion to scams and hacks in 2023 alone. These harms disproportionately impact Black, Hispanic, and Asian adults, who are more likely to invest in or use a cryptocurrency compared with white adults. This harm frequently gets downplayed, as crypto enthusiasts often talk up the potential for financial empowerment and inclusion, and play down the serious risks of the digital currency. Your stories are important. They can help illustrate the danger and harm of the unregulated crypto industry. [Help us make change by sharing your story, and we’ll use it to push for the strongest protections possible.]( [Share Your Story]( If you don’t have a story, but have a friend or family member who does, please share this with them. The more examples we have, the better chance we have at holding these companies accountable. Thank you, Angel Han Consumer Reports [Unsubscribe from Consumer Reports action alerts.]( © 2022 Consumer Reports, 101 Truman Avenue, Yonkers, NY, 10703 [Contact Consumer Reports](