A bipartisan bill introduced on Dec. 15, 2025 would form a national response to rising cryptocurrency fraud, aiming to give law enforcement and regulators new tools to stop scams as they happen.
According to the sponsors, the Strengthening Agency Frameworks for Enforcement of Cryptocurrency (SAFE Crypto) Act creates a coordinated federal effort to detect, track, and shut down illicit schemes that use crypto rails.
Task Force To Target Crypto Scams
The bill would set up a task force that pulls together Treasury officials, federal and local law enforcement, regulators, and private-sector experts to share intelligence and act quickly on threats.
Reports have disclosed that the legislation is pitched as a way to get real-time visibility on suspicious activity and to give local police better technical help when they investigate.
Senators Elissa Slotkin (D-MI) and Jerry Moran (R-KS) are listed as the bill’s proponents. The measure appears in Congress under a title that would establish a “Task Force for Recognizing and Averting Cryptocurrency Scams,” and is referenced by bill number S.3428 in congressional records. As of Dec. 17, 2025, the full legislative text had not been posted on the Congressional site.
Public Education And Local Support
The sponsors say the task force will do more than hunt scammers. It will fund public awareness work so consumers can spot fake investment pitches, phishing schemes, and impersonation fraud.
Local law enforcement would get training and access to blockchain analytics tools, the backers say, so officers can follow illicit funds and identify criminal networks before victims lose large sums.
Industry figures quoted in the announcement said crypto fraud has been large and growing. According to one industry policy lead cited by the sponsors, “Over the last two years, we’ve tracked billions in scams and fraud across the cryptoecosystem.” That warning is a central piece of the case lawmakers are making for faster, coordinated action.
Cybercriminals: Panic Mode
Gabriel Shapiro, general counsel at crypto investment firm Delphi Labs, said that if the SAFE Crypto Act is carried out effectively, it could leave crypto scammers scrambling to stay ahead of enforcement.
Shapiro added in a post on X on Tuesday that “scammers will probably end up sh*tting themselves if this goes hard,” stressing that the US attorney general, the director of the Financial Crimes Enforcement Network, and the director of the US Secret Service would be among the senior officials leading efforts to pursue the bad guys.
Why Lawmakers Are Pushing Now
Lawmakers argue that criminals have grown more skilled at using decentralized systems and cross-border services to hide proceeds. The SAFE Crypto Act is being presented as a way to narrow that gap by making public and private responders work from a shared playbook. The initiative is part of a wave of digital currency-related policy moves being discussed in Congress this year.