Your Crypto DJ
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NEW U.S. CRYPTO FRAUD BILL INTRODUCED
U.S. Senators Elissa Slotkin (D) and Jerry Moran (R) have introduced the SAFE Crypto Act: A bipartisan bill to crack down on crypto scams.
What it does:
Creates a federal task force combining Treasury, DOJ, Secret Service, and blockchain intelligence firms to track and stop crypto fraud in real-time.
Why now:
The FBI reported $9.3 billion lost to crypto scams in 2024: up 66% from the previous year.
Key focus areas:
→ Ponzi schemes & rug pulls
→ Fake token offerings
→ Pig butchering scams
→ Crypto ATM fraud
The bill also requires stablecoin issuers to have the ability to freeze assets tied to illegal activity.
This is enforcement-focused, not about new trading regulations. A positive step toward cleaning up the space and protecting investors.
U.S. Senators Elissa Slotkin (D) and Jerry Moran (R) have introduced the SAFE Crypto Act: A bipartisan bill to crack down on crypto scams.
What it does:
Creates a federal task force combining Treasury, DOJ, Secret Service, and blockchain intelligence firms to track and stop crypto fraud in real-time.
Why now:
The FBI reported $9.3 billion lost to crypto scams in 2024: up 66% from the previous year.
Key focus areas:
→ Ponzi schemes & rug pulls
→ Fake token offerings
→ Pig butchering scams
→ Crypto ATM fraud
The bill also requires stablecoin issuers to have the ability to freeze assets tied to illegal activity.
This is enforcement-focused, not about new trading regulations. A positive step toward cleaning up the space and protecting investors.
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