Bipartisan US House bill proposes inter-agency crypto theft task force

A bipartisan bill has been introduced in the U.S. House of Representatives to create a government-wide task force for combating cryptocurrency hacking and fraud, CoinDesk reported. Co-sponsored by Republican Rep. Lance Gooden of the House Judiciary Committee and Democratic Rep. Josh Gottheimer of the Financial Services Committee, the legislation would establish the Federal Cryptocurrency Theft Task Force. According to the bill, the task force would be led by the U.S. Attorney General and include the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), the Department of Homeland Security (DHS), and the Treasury Department. It would serve as a central hub for preventing and investigating crypto-related theft. The sponsors noted that while U.S. crypto fraud and theft losses amounted to $11 billion last year, victims lacked a single, unified channel to seek help.