U.S. Senator Introduces Proposed Bill to Establish Federal Working Group to Combat Cryptocurrency Fraud

BlockBeats News, December 17th, a U.S. Senator introduced the Strengthening the Framework to Advance Crypto-based Technologies Act (SAFE Crypto) bill, aiming to establish a federal working group to identify, track, and combat cryptocurrency fraud. The working group will bring together the Treasury Department, law enforcement agencies, financial regulatory agencies, and private sector experts. The group will focus on studying current trends in digital asset fraud, identifying effective methods to prevent such crimes, providing local law enforcement with stronger investigative tools, and raising public awareness of common cryptocurrency scams.