Coinbase, FTX, Binance get inquiries as Congress looks to crack down on $1 billion crypto fraud

In its first foray into the crypto sector, the House Committee on Oversight and Reform is dialing up the pressure on federal agencies and crypto exchanges to protect Americans from fraudsters.

In a series of letters sent Tuesday morning, the committee asked four agencies, including

, the Federal Trade Commission, the Commodity Futures Trading Commission, and the Securities and Exchange Commission, as well as five…