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More funds to combat financial fraud, including blockchain tracing.

This new law aims to better protect citizens from financial scams, such as elder fraud and investment schemes. Local agencies will be able to use federal funds for training and tools to track criminals, including those using cryptocurrencies. This means greater security for your money and data.
Key points
Local agencies will receive funds to combat financial fraud, including hiring experts and purchasing specialized software.
Cooperation between various agencies and financial institutions will be strengthened to detect and stop scams faster.
The act will allow the use of modern tools to trace cryptocurrency transactions, making it harder for criminals to hide stolen money.
The government will prepare reports on the scale of scams in the U.S., which will help in better planning preventive actions and prosecuting criminals.
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Status: Placed on Calendar
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Additional Information
Print number: 119_S_2544
Sponsor: Sen. Britt, Katie Boyd [R-AL]
Process start date: 2025-07-30