Combatting Digital Fraud: The Case for State-Led Identity Solutions
Welcome to Crypto Long & Short, our institutional newsletter. This week, we explore the future of digital identity and the role of states in preventing fraud. The US has lost an estimated $5 trillion to fraud, highlighting the need for a new approach. The current system, which relies on detection and enforcement, is flawed, and a state-led, user-controlled identity framework is necessary. This ap…