The SafeCrypto Act, introduced by Senators Elissa Slotkin and Jerry Moran, proposes a multi-agency task force to enhance detection and prevention of crypto-related scams.
U.S. Senators Elissa Slotkin and Jerry Moran have introduced the bipartisan SafeCrypto Act to bolster efforts against cryptocurrency-related fraud. The legislation calls for the formation of a task force comprising the Treasury Department, law enforcement agencies, regulatory bodies, and private-sector experts to identify, track, and prevent scams. The bill aims to improve coordination and resource sharing among federal and private entities in addressing illicit activities in the digital asset market.