Catenaa, Wednesday, December 17, 2025- Two US senators on Monday introduced a bipartisan bill aimed at tightening federal coordination against cryptocurrency-related scams as digital asset use continues to grow.
The proposal, called the Strengthening Agency Frameworks for Enforcement of Cryptocurrency Act, or SAFE Crypto Act, would create a federal task force to detect, track and disrupt crypto fraud.
The group would bring together the Treasury Department, federal law enforcement, financial regulators and private-sector specialists.
According to the bill summary, the task force would study trends in digital asset scams and identify methods to prevent and investigate such crimes.
It would also work to equip state and local law enforcement with improved investigative tools and expand public education on common crypto fraud schemes.
The legislation would require the task force to submit an initial report within one year of its formation to the Senate Banking and Agriculture committees and the House Financial Services and Agriculture committees.
Annual updates would follow.
Lawmakers backing the bill said the measure is designed to close coordination gaps as crypto adoption spreads beyond early users and into mainstream finance.
They argue that fragmented oversight has limited the government’s ability to respond to scams that often cross jurisdictions and exploit regulatory gray areas.
Legal experts following the proposal said a centralized framework could address forms of misconduct that have drawn less attention from existing regulators, including hacking incidents, phishing attacks and small-scale investment schemes.
The bill comes as data continues to point to rising illicit activity tied to digital assets. A January report by blockchain analytics firm Chainalysis estimated that illicit cryptocurrency transactions reached $51.3 billion in 2024, reflecting a broader range of criminal behavior on public blockchains.
