SAFE Crypto Act

This legislation establishes the Task Force for Recognizing and Averting Cryptocurrency Scams under the Department of the Treasury. Comprising federal law enforcement, regulatory officials, and digital asset industry representatives, the task force aims to analyze trends in digital asset scams, improve public-private information sharing, and enhance mechanisms for asset recovery. Notably, it directs the task force to collaborate with stablecoin issuers to ensure they maintain the technical capabilities to freeze, seize, burn, or reissue digital assets linked to unlawful conduct.