SAFE Crypto Act

This bill would require the Secretary of the Treasury to create a Task Force for Recognizing and Averting Cryptocurrency Scams within 180 days. The task force would include federal officials such as the Attorney General and the heads of the Financial Crimes Enforcement Network and Secret Service, along with representatives of crypto companies, scam victims, law enforcement, and state bank regulators. It would study scams involving digital assets, plan public education efforts, and work with stablecoin issuers on tools to freeze, seize, or reissue scam proceeds. The task force would report to Congress and the public within one year, give yearly updates, and end three years after its first report.

Full text and official record on Congress.gov

Sponsors

• Jerry Moran Republican sponsor
• 2 cosponsors