U.S. Senator proposes a bill to establish a federal task force to combat cryptocurrency fraud

U.S. Senators have introduced the "Strengthening the Enforcement Framework for Cryptocurrency (SAFE Crypto)" Act, which aims to establish a federal working group to identify, track, and combat cryptocurrency fraud. The working group will bring together experts from the Treasury Department, law enforcement agencies, financial regulators, and the private sector.

The working group will focus on studying current trends in digital asset scams and identifying effective methods to prevent such crimes. It will also provide local law enforcement with more robust investigative tools and enhance public awareness of common cryptocurrency scams.