# 119-s-3428: SAFE Crypto Act

119-s-3428, SAFE Crypto Act, is a 119th Congress bill sponsored by Sen. Moran, Jerry [R-KS] (R-KS); status introduced; PRIA reads it as touching household money (as of 2026-05-13).

- Canonical: https://policyrisk.com/legislation/119-s-3428
- As of: 2026-05-13
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3428
- Congress: 119
- Title: SAFE Crypto Act
- Status: introduced
- Introduced: 2025-12-10
- Sponsor: Sen. Moran, Jerry [R-KS] (R-KS)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-05-13

## 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. - 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.

## Cosponsors (2)

- Sen. Slotkin, Elissa [D-MI] (D-MI), 2025-12-10T00:00:00.000Z
- Sen. Crapo, Mike [R-ID] (R-ID), 2026-05-11T00:00:00.000Z

## Provisions PRIA read

- New federal crypto scam task force: benefit, medium. 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 i…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026
- 119-s-1748: Kids Online Safety Act
- 119-s-3257: John A. Hauser Mental Health in Aviation Act
- 119-s-3940: Access to Fair Financing for Opportunity and Resilient Development Act
- 119-s-1241: Sanctioning Russia Act of 2025

## Sources
- [119-s-3428 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3428)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3923)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-3257: John A. Hauser Mental Health in Aviation Act](https://policyrisk.com/legislation/119-s-3257)
- [119-s-3940: Access to Fair Financing for Opportunity and Resilient Development Act](https://policyrisk.com/legislation/119-s-3940)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3428 (as of 2026-05-13).