CoinVoice recently learned that U.S. Senators Elissa Slotkin (Democrat) and Jerry Moran (Republican) introduced the Strengthening Agency Frameworks for Enforcement of Cryptocurrency Act (SAFE Act) this Monday. The bill aims to coordinate the actions of the U.S. Department of the Treasury, law enforcement agencies, regulatory bodies, and the private sector to combat cryptocurrency fraud and scams. Delphi Labs' General Counsel Gabriel Shapiro stated on the X platform that if the bill is effectively implemented, cryptocurrency fraudsters and scammers may feel panic. He pointed out that high-ranking officials such as the U.S. Attorney General, the head of the Financial Crimes Enforcement Network (FinCEN), and the director of the Secret Service will be involved in pursuing cryptocurrency criminals. The FBI reported that in 2024, the American public lost $9.3 billion due to cryptocurrency-related investment scams, an increase of 66% compared to 2023. [Original link]