The post US Senators Introduce SAFE Crypto Act to Target Rising Crypto Scams appeared first on Coinpedia Fintech News

Crypto scams are getting faster, smarter and harder to track. Lawmakers are now treating them as a growing national problem, and they want a coordinated federal response.

This week, U.S. Senators Elissa Slotkin and Jerry Moran introduced a bipartisan bill aimed squarely at crypto-related fraud. The proposal, called the Strengthening Agency Frameworks for Enforcement of Cryptocurrency (SAFE Crypto) Act, would create a dedicated federal task force focused on detecting and preventing cryptocurrency scams.

What the SAFE Crypto Act Will Do

The bill proposes forming a multi-agency task force led by the U.S. Treasury, bringing together officials from the Attorney General’s office, FinCEN, the U.S. Secret Service, and other federal and state agencies.

Unlike past crypto legislation, this effort is not about market rules or asset classification. The focus is narrow and practical: scams, fraud, phishing attacks, and Ponzi-style schemes that continue to drain billions from investors.

The task force would also include private-sector participants, such as stablecoin issuers, digital asset custodians, and blockchain intelligence firms, along with representatives for scam victims and law enforcement.

“This task force, established by the SAFE Cryptocurrency Act, will allow us to draw upon every resource we have to combat fraud in digital assets,” Slotkin said.

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Why Now? The Threat Is Escalating

The push comes as crypto-related crime continues to climb. According to Chainalysis, more than $2.17 billion was already stolen from crypto services by mid-2025, surpassing the total recorded for all of 2024.

At the same time, crypto ATM fraud is emerging as a growing concern. Between January and November 2025, losses tied to crypto ATM fraud have already reached approximately $333 million.

“As cryptocurrency becomes more widely used, this legislation would help counter threats and make certain all Americans are better protected from crypto scams,” Moran said.

A Gap in Enforcement

Crypto lawyer Gabriel Shapiro said the proposal could address blind spots in current enforcement. “Feels like this could be very useful! SEC/CFTC not really focused on things like hacks, phishing, petty ponzi schemes, etc,” he wrote.

Blockchain forensic firm TRM Labs has also signaled support, saying closer coordination between industry and law enforcement could help disrupt scam networks in real time.

What Happens Next

If passed, the task force would issue an initial report within one year, followed by annual updates to congressional committees.

For now, the bill signals a clear shift: Washington is focusing directly on crypto scams where losses are mounting fastest.

FAQs

The post AAVE Protocol Reports Impressive Fundamentals, But Price Keeps Falling: Here is Why appeared first on Coinpedia Fintech News

The AAVE (AAVE) price has dropped over 3% in the past 24 hours to trade at about $185 on Tuesday, December 16, 2025. The mid-cap altcoin, with a fully diluted valuation of about $3.5 billion, has continued to signal bearish sentiment amid the protocol’s impressive fundamentals 

What are the Recent Strong Fundamentals for AAVE Protocols 

As Coinpedia reported, the United States Securities and Exchange Commission (SEC) formally closed its investigations into the AAVE protocol. The AAVE protocol gained much-needed legal clarity after the U.S. SEC ended its investigations without recommending an enforcement action.

The closure of the SEC’s investigation into AAVE coincided with the protocol’s launch of the V4 to further explore the liquidity pool aggregation, a feature that V2 and V3 failed to explore.

As such, the AAVE protocol has gained significant traction in the global mainstream adoption. At press time, the AAVE V3 protocol had a total value locked of above $32 billion, with around $22 billion already borrowed.

The ability for any crypto user globally to borrow and lend on the AAVE protocol will now be expedited by the regulatory clarity in the United States. Moreover, the United States heavily influences other global jurisdictions in their crypto decision.

Why is AAVE Price Declining Amid a Supportive Backdrop 

The main reason why AAVE price is dropping today amid supportive fundamentals is due to an ongoing risk off narrative by the wider crypto Investors. 

Additionally, the AAVE price action year-to-date has been forming a horizontal consolidation with an upper border of above $355 and a lower border of around $130. The recent drop below a weekly rising logarithmic support trend further confirmed AAVE’s midterm bearish sentiment.

The midterm bearish sentiment for the AAVE price is bolstered by the weekly MACD indicator, which flashed a bearish signal. The weekly MACD and the signal lines dropped below the zero line, amid rising bearish histograms.

As such, the AAVE/USD weekly chart is likely to continue in bearish sentiment amid the end-of-year holidays. The next major support level for AAVE is around $130, which has resulted in a sudden rebound towards $355 in the subsequent weeks.