Sponsors (2)
The bill strengthens tools, leadership, and coordination to detect, freeze, and recover crypto‑scam proceeds and educates consumers, but does so at the cost of increased privacy/due‑process risks, new compliance and budgetary burdens, and reduced public oversight.
All Americans (especially scam victims and taxpayers): federal authorities gain stronger, faster ability to detect, freeze, seize, and recover proceeds from crypto scams through mandated real-time information‑sharing, technical tools, and coordinated law‑enforcement actions.
All Americans (federal, state, local, and international partners): improves law‑enforcement coordination across jurisdictions to identify and prosecute crypto scammers, increasing the likelihood of disruption and deterrence.
Consumers: a mandated education strategy will help individuals better identify, avoid, and report digital‑asset scams, reducing victimization risk.
All Americans (users of digital assets and the general public): expanded real‑time data sharing and asset interdiction increase risks to privacy and due‑process unless strict legal safeguards are defined and enforced.
Stablecoin issuers and other crypto service providers: new technical requirements to enable freezing/seizure capabilities could impose significant compliance and engineering costs, potentially raising prices or slowing innovation.
Taxpayers: implementing the Task Force's recommendations may require additional federal personnel or new programs, creating potential budgetary pressures if Congress funds recommended FTEs or activities.
Based on analysis of 3 sections of legislative text.
Introduced December 10, 2025 by Jerry Moran · Last progress December 10, 2025
Creates a Treasury‑led Task Force to prevent, detect, and respond to cryptocurrency scams by coordinating federal, state, and private sector partners. The Task Force will develop information‑sharing networks, evaluate scam patterns and databases, work on technical measures to freeze/setrieve/burn/reissue digital assets tied to scams consistent with law, and deliver a public report and annual updates to Congress. It must be stood up within 180 days, issue an initial report within one year, and will sunset three years after that report.