According to Foresight News, the Australian Competition and Consumer Commission (ACCC) Chair, Gina Cass-Gottlieb, has expressed concerns that U.S. President Donald Trump's promise to ease cryptocurrency regulations could make consumers more vulnerable to investment scams. Cass-Gottlieb highlighted the complexity of global crime and the potential regulatory relaxation as factors contributing to this risk. The ACCC plans to intensify its focus on these issues. Data from the ACCC reveals that in 2023, Australian consumers lost over 1.3 billion AUD to investment scams, with a significant portion involving cryptocurrencies.