Sponsors (7)
Creates a DOJ-led task force to coordinate federal, state, local, tribal, and international responses to cryptocurrency theft, provide training and best practices, and report annually to Congress.
Official title: To establish the Federal Cryptocurrency Theft Task Force, and for other purposes.
Introduced June 11, 2026 by Lance Gooden · Last progress June 11, 2026
The bill centralizes federal coordination to improve investigation, prosecution, and recovery from cryptocurrency theft—potentially benefiting victims and law enforcement—while raising trade-offs around taxpayer costs, privacy and civil liberties, jurisdictional centralization, business compliance burdens, and possible regulatory gaps that limit consumer remedies.
Victims of cryptocurrency theft (individuals, businesses, and taxpayers) are likely to see more consistent, coordinated federal investigations and higher chances of asset recovery due to centralized Task Force efforts and improved interagency coordination.
Federal law enforcement agencies will have a formal forum to share intelligence and harmonize enforcement against crypto-enabled crime, improving cross-border recoveries and deterrence of transnational cryptocrime.
State, local, Tribal, and territorial law enforcement will receive clearer guidance, training, and outreach to investigate and prosecute digital-asset crimes more effectively.
Cryptocurrency users and the general public face increased privacy and civil liberties risks from expanded interagency information sharing and potentially broader investigative powers.
Taxpayers are likely to finance new federal costs for creating and operating the Task Force, providing nationwide training, and preparing annual reports, increasing government spending.
Greater federal coordination risks centralizing involvement in local investigations, creating jurisdictional friction, additional local costs, and concerns about erosion of local autonomy.
Based on analysis of 8 sections of legislative text.
Creates a federal Task Force housed at the Department of Justice to coordinate prevention, investigation, and prosecution of cryptocurrency theft and related digital-asset crimes. The Task Force will bring together federal law enforcement and financial authorities, provide training and technical assistance to state and local partners, share information domestically and internationally, and report annually to congressional judiciary committees on trends, activities, and recommended reforms. The bill defines “cryptocurrency theft,” requires regular outreach to state, local, tribal, and territorial agencies (on a voluntary basis), and clarifies that it does not regulate cryptocurrency markets, create new crimes, change existing agency authorities, or create private rights of action.