Senators Introduce SAFE Crypto Act To ‘Protect Americans Against Scams In All Industries’
U.S. senators introduced a bipartisan bill on Monday aimed at tightening federal coordination against cryptocurrency-related scams as lawmakers frame digital asset fraud as a growing national threat.
Bipartisan Bill Seeks Unified Federal Response
U.S. Senator Elissa Slotkin (D-MI) and Senator Jerry Moran (R-KS) introduced the Strengthening Agency Frameworks for Enforcement of Cryptocurrency Act, or SAFE Crypto Act, according to a statement released on Monday.
The legislation would create a federal task force bringing together the Treasury Department, law enforcement agencies, financial regulators, and private-sector experts to combat cryptocurrency fraud.
The task force would identify, track, and disrupt scams involving digital assets.
It would also improve coordination among agencies that currently operate with limited overlap.
Focus On Enforcement Gaps …
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