SAFE Crypto Act proposed in the US to combat crypto fraud

The bill provides for the creation of a unified system of interaction between regulators, law enforcement agencies, and the private sector

New bill has been proposed in the US to combat cryptocurrency fraud

17.12.2025 - 10:55

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2 min

Key points:

Senators have proposed the SAFE Crypto Act to coordinate the Treasury Department, FinCEN, and law enforcement agencies.
The law aims to identify crypto fraud and speed up investigations into financial scams.
In 2024, losses from crypto investment fraud in the US reached $9,3 billion, according to the FBI.

The SAFE Crypto Act has been introduced in the United States to strengthen the fight against fraud and scams in the digital asset space. The bill was proposed by Senators Elissa Slotkin and Jerry Moran. It provides for closer coordination between the US Department of the Treasury, law enforcement agencies, and the private sector.

The initiative involves the creation of an interagency structure that will identify crypto fraud, analyze attack patterns, and expedite investigations. FinCEN, the US Secret Service, and other federal agencies are expected to participate in the effort.

Hackers from North Korea stole more than $2,8 billion in cryptocurrency

According to the report, the country uses Russian and Asian channels to launder funds and finance nuclear programs

What the SAFE Crypto Act provides for

The bill aims to combine the resources of government agencies and industry to combat fraud involving digital assets. According to Slotkin, the new structure will allow all available tools to be used to protect users.

Jerry Moran noted that as cryptocurrencies grow in popularity, the state needs more effective mechanisms to respond to threats and financial scams.

Delphi Labs Chief Legal Counsel Gabriel Shapiro said that the implementation of the SAFE Crypto Act could make life very difficult for crypto fraudsters. According to him, the involvement of high-ranking representatives of the Department of Justice, FinCEN, and the Secret Service will pose a real threat to criminal networks.

According to the FBI, Americans lost $9,3 billion in 2024 due to investment fraud related to cryptocurrencies. This is 66% more than the previous year. Citizens over the age of 60 suffered the greatest losses — $2,84 billion.

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