The gist

Congress launches a Treasury task force to study cryptocurrency scams and recommend fixes within one year, affecting anyone who uses or invests in crypto.

Who wins, who loses

• Wins: crypto scam victims, law enforcement, consumer advocates targeting pig-butchering and rug-pull schemes.
• Loses: scammers and overseas crime networks; stablecoin issuers face pressure to freeze, seize, or burn flagged funds.

What it does

• Treasury Secretary must form the task force within 180 days of enactment.
• Combines Attorney General, Financial Crimes Enforcement Network (FinCEN), Secret Service, crypto firms, and victim advocates.
• Requires stablecoin issuers to maintain tools to freeze or burn scam proceeds.
• Public report due within one year; task force sunsets three years later.

Why should I care?

Crypto scams hit young investors hard, with social-media-based fraud draining savings fast. Supporters say a unified task force finally coordinates the messy patchwork of agencies chasing crypto criminals. Critics argue freeze-and-burn powers over digital assets risk overreach without strong due process. Where do you land? Vote below and use "Tell Your Rep" to make sure your voice reaches Congress.