Crapo signed onto the SAFE Crypto Act, saying it would establish a task force to strengthen collaboration among law enforcement and financial regulators and help safeguard consumers from growing cryptocurrency fraud.
Support the SAFE Crypto Act to establish a task force that strengthens collaboration among law enforcement and financial regulators and helps safeguard consumers from cryptocurrency fraud.
Occurrences
Evidence
U.S. Senator Mike Crapo “signed onto” the SAFE Crypto Act, and his office said the bill would establish an inter-governmental task force to help identify and combat cryptocurrency-related fraud.
The Congressional Record states that, at Mr. Moran’s request, “the name of the Senator from Idaho (Mr. Crapo) was added as a cosponsor of S. 3428,” the SAFE Crypto Act.
Assessments
Crapo fulfilled the promise by signing on as a cosponsor of the SAFE Crypto Act during his current Senate term. The promised action was to support the Act, not necessarily to secure final enactment, and the official Senate record plus his office's release show he materially backed the bill aimed at creating the described intergovernmental cryptocurrency fraud task force.