Bipartisan members of the U.S. House of Representatives propose a bill to establish a federal cryptocurrency theft task force

According to CoinDesk, bipartisan members of the U.S. House of Representatives introduced a bill on Thursday to establish a federal cryptocurrency theft task force led by the Attorney General, aimed at coordinating and leading investigations into cryptocurrency theft, fraud, and hacking.

The bill was jointly initiated by Republican member Lance Gooden of the House Judiciary Committee and Democratic member Josh Gottheimer of the House Financial Services Committee.

The task force will encompass multiple federal agencies, including the Department of Justice, the Federal Bureau of Investigation, the Department of Homeland Security, and the Department of the Treasury, aiming to address the $11 billion theft and fraud issues caused last year and provide a unified federal response mechanism for victims.