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Sen. Katie Britt and Kirsten Gillibrand introduce bipartisan GUARD Act to fight senior scams using blockchain and federal grants.
Alabama Senator Katie Britt has co-sponsored the bipartisan GUARD Act with Senator Kirsten Gillibrand to combat financial fraud targeting seniors, providing local law enforcement with grant funding to use blockchain technology for investigating scams, including those involving cryptocurrency and AI.
The bill enables federal training for local staff and addresses resource gaps, especially in rural areas.
It follows a report that seniors lost $4.8 billion to scams in 2024.
The legislation has passed the Senate Judiciary Committee and is now advancing to the full Senate floor.
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La senadora Katie Britt y Kirsten Gillibrand presentan la ley bipartidista GUARD para luchar contra las estafas de personas mayores utilizando blockchain y subvenciones federales.