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Task Force to Combat Cryptocurrency Scams and Protect Consumers

This law establishes a special task force aimed at combating cryptocurrency scams. The group will investigate new scam methods, develop prevention strategies, and educate citizens on how to better protect their money and data in the digital asset space. This initiative seeks to enhance financial security and facilitate the recovery of stolen funds.
Key points
Creation of a task force to combat cryptocurrency scams, comprising government experts and industry representatives.
Development of educational programs for citizens to identify, avoid, and report digital asset scams.
Collaboration with crypto companies to freeze and recover stolen digital assets, while ensuring due process protections.
International cooperation to pursue perpetrators and dismantle organized crime networks involved in scams.
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Status:
Introduced
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Additional Information
SAFE Crypto Act
Print number: S 3428
Sponsor: Sen. Moran, Jerry [R-KS]
Process start date: 2025-12-10
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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Summary & Status

Key Questions about Task Force to Combat Cryptocurrency Scams and Protect Consumers

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is S 3428.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-12-10.

What are the main provisions?

Key points include:

  • Creation of a task force to combat cryptocurrency scams, comprising government experts and industry representatives.
  • Development of educational programs for citizens to identify, avoid, and report digital asset scams.
  • Collaboration with crypto companies to freeze and recover stolen digital assets, while ensuring due process protections.
  • International cooperation to pursue perpetrators and dismantle organized crime networks involved in scams.

What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Moran, Jerry [R-KS].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-11.

Analysis and Potential Impact of S 3428

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy Courts and Law Security