SAFE Crypto Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3428 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 3428 To establish a Task Force for Recognizing and Averting Cryptocurrency Scams, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES December 10, 2025 Mr. Moran (for himself and Ms. Slotkin) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To establish a Task Force for Recognizing and Averting Cryptocurrency Scams, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Strengthening Agency Frameworks for Enforcement of Cryptocurrency Act'' or the ``SAFE Crypto Act''. SEC. 2. DEFINITIONS. In this Act: (1) Digital asset; digital asset service provider; permitted payment stablecoin issuer.--The terms ``digital asset''; ``digital asset service provider''; and ``permitted payment stablecoin issuer'' have the meanings given those terms in section 2 of the GENIUS Act (12 U.S.C. 5901), respectively. (2) Secretary.--The term ``Secretary'' means the Secretary of the Treasury. (3) Task force.--The term ``Task Force'' means the Task Force on Cryptocurrency Scams established under section 3(a). SEC. 3. TASK FORCE ON CRYPTOCURRENCY SCAMS. (a) Establishment.--Not later than 180 days after the date of enactment of this Act, the Secretary shall establish a task force, to be known as the Task Force for Recognizing and Averting Cryptocurrency Scams. (b) Membership.-- (1) Composition.--The Task Force shall be chaired by the Secretary, or a designee thereof, and shall consist of the following individuals, or the designees of these individuals: (A) The Attorney General. (B) Th