The Crypto Asset Monitoring Bureau will officially launch in September and oversee licensing for exchanges and other operators.
Jared Rice, Sr., pleaded guilty to duping investors out of more than $4 million.
Scams involving celebrity endorsements of digital assets are becoming more common.
The House will consider the bipartisan infrastructure bill on Sept. 27.
Led by Acorns alums, Hedgehog will use the fresh $1.6 million to build a robo-advisor for cryptocurrency investing.
The CFTC has jurisdiction only when looking at futures or other derivatives products, Stump said.
One individual must pay more than $3 million and hand over a wallet containing 190 bitcoins.
The accounts held about 7% of the company's cash.
Quintenz will leave by Aug. 31.