WASHINGTON, Dec. 15 -- Sen. Elissa Slotkin issued the following press release:

U.S. Senator Elissa Slotkin (D-MI) and Senator Jerry Moran (R-KS) announced their bipartisan Strengthening Agency Frameworks for Enforcement of Cryptocurrency (SAFE Crypto) Act, highlighting the need for stronger protections as cryptocurrency becomes more common and scams grow more sophisticated.

The SAFE Crypto Act creates a federal task force that unites Treasury, law enforcement, regulators, and private-sector experts to launch a coordinated effort to identify, track, and stop crypto fraud. The task force will support local law enforcement with better tools, improve public awareness so Americans can protect their money, and provide Congress with regular upda...