A bipartisan bill introduced in the U.S. House of Representatives aims to establish a Federal Cryptocurrency Theft Task Force to address crypto theft from fraud and hacking. The task force, led by the U.S. attorney general, would involve multiple agencies, including the Department of Justice, FBI, and Treasury Department. Sponsored by Representatives Lance Gooden and Josh Gottheimer, the bill seeks to provide a coordinated federal response to crypto crimes, which have resulted in $11 billion in thefts and scams last year.
The proposed task force would serve as a central point for preventing and investigating cryptocurrency theft, addressing inconsistencies in current responses across federal, state, and local law enforcement. The initiative reflects ongoing concerns about the criminal misuse of digital assets and aims to enhance consumer protection and trust in the crypto ecosystem. The bill's passage remains uncertain amid a busy congressional session.
U.S. House Proposes Federal Task Force to Combat Crypto Theft
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