Bipartisan SAFE Crypto Act Targets Digital Asset Scams with New Federal Task Force
Senators Elissa Slotkin and Jerry Moran have introduced the SAFE Crypto Act, a bipartisan effort to combat cryptocurrency fraud through a coordinated federal task force. The initiative will unite the Treasury Department, law enforcement, regulators, and private-sector experts to enhance scam prevention capabilities.
"It's critical we protect Americans against scams in all industries, but especially cryptocurrency as it becomes more popular," Senator Slotkin stated. The task force aims to equip local authorities with advanced tools to address rising crypto-related fraud.
Senator Moran emphasized the urgency: "With fraud and payment scams growing, protecting financial security is paramount." The legislation seeks to strengthen interagency coordination while maintaining innovation in digital assets.
