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119-s-3428119th CongressWALLET

SAFE Crypto Act

Sponsored By: Senator Moran, Jerry [R-KS]

Introduced

Summary

Would create a federal Task Force to detect and prevent cryptocurrency scams and coordinate real-time public-private responses across agencies, industry, and victims. The group would gather law enforcement, stablecoin issuers, digital asset firms, custodians, blockchain intelligence providers, and victim representatives to study trends and recommend actions.

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  • Consumers and victims: People targeted by crypto scams would have designated representatives on the Task Force and the group would design education and victim communication strategies.
  • Industry and payment providers: Permitted payment stablecoin issuers, digital asset service providers, custodians, and blockchain intelligence firms would be asked to join information sharing networks and to support tools to freeze, seize, burn, or reissue digital assets identified as scam proceeds where law allows.
  • Law enforcement and government coordination: Federal, State, local, and Tribal law enforcement would use Task Force analysis of FBI Internet Crime Complaint Center and FTC fraud data to coordinate investigations and interdictions. The Task Force would be required to report to specified Congressional committees within one year, meet at least three times that year, and would terminate three years after it files its initial report.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

New federal crypto scam task force

If enacted, the bill would require the Secretary to set up a Task Force within 180 days. It would be chaired by the Secretary and include the Attorney General, FinCEN, Secret Service, state bank regulators, industry reps, victims, and law enforcement. The Task Force must meet at least three times in the first year and file an initial report within one year, with yearly public updates thereafter. It would study crypto grooming scams, promote public-private real-time information sharing, coordinate enforcement, and recommend laws or staffing. The Task Force would also work with permitted stablecoin issuers to keep tools to freeze, seize, burn, or reissue assets tied to scams, consistent with law and due process. The Task Force would end three years after it files its required report.

Sponsors & CoSponsors

Sponsor

Moran, Jerry [R-KS]

KS • R

Cosponsors

  • Sen. Slotkin, Elissa [D-MI]

    MI • D

    Sponsored 12/10/2025

  • Sen. Crapo, Mike [R-ID]

    ID • R

    Sponsored 5/11/2026

Roll Call Votes

No roll call votes available for this bill.

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