Sponsors (7)
Official title: To establish the Federal Cryptocurrency Theft Task Force, and for other purposes.
The bill centralizes federal coordination, training, and information‑sharing to improve crypto‑theft investigations and victim recovery—trading off clearer enforcement and potential deterrence against higher taxpayer costs, compliance burdens, privacy risks, and remaining gaps in consumer remedies and regulatory clarity.
Victims of cryptocurrency theft (individuals and businesses) would see more consistent, coordinated federal investigations and greater chances of asset recovery because agencies will formally coordinate cases and referrals across jurisdictions.
State, local, Tribal, and territorial law enforcement and prosecutors will get clearer guidance, standardized training, and best-practice recommendations that improve evidence collection, asset tracing, and prosecution outcomes for crypto-enabled crimes.
Federal agencies will have a formal interagency forum to share intelligence and harmonize enforcement against transnational crypto-enabled crime, improving cross-border investigations and information-sharing.
All taxpayers could face higher federal costs because creating and operating a multi-agency Task Force, nationwide training, outreach, and annual reporting will require funding and staffing.
Crypto users and the public face elevated privacy and civil‑liberties risks because expanded interagency information-sharing and enforcement activity increases access to sensitive financial and personal data.
Consumers and victims may have limited legal remedies and weaker protections because the Act explicitly does not create a private right of action and forbids being read to authorize broader crypto market regulation, which could leave oversight gaps.
Based on analysis of 8 sections of legislative text.
Establishes a DOJ-chaired Federal Cryptocurrency Theft Task Force to coordinate investigations, training, information sharing, and annual reporting on crypto theft.
Introduced June 11, 2026 by Lance Gooden · Last progress June 11, 2026
Creates a DOJ-led Federal Cryptocurrency Theft Task Force to coordinate federal, state, local, tribal, territorial, and international efforts to prevent, investigate, and prosecute cryptocurrency theft. The Task Force will develop and share best practices, provide training and technical assistance, facilitate information sharing, track trends, and report annually to the House and Senate Judiciary Committees while making clear it does not regulate markets, create new crimes, or change agency authorities.