Bipartisan Lawmakers Push Federal Task Force Against Crypto Scams

US lawmakers have introduced legislation to create a federal task force focused on cryptocurrency theft, fraud, and hacking investigations. The proposal follows a year in which Americans reported more than $11 billion in crypto-related losses.

The Federal Cryptocurrency Theft Enforcement and Coordination Act would establish a coordinated reporting and enforcement framework across multiple federal agencies, led by the attorney general. Officials from the Department of Justice, FBI, Department of Homeland Security, and Treasury would participate.

According to the FBI's 2025 Internet Crime Report, Americans filed 181,565 cryptocurrency complaints, resulting in more than $11.3 billion in recorded losses. Investment fraud generated the largest share of those losses, with approximately $7.2 billion lost due to scams targeting older Americans.