Findings

Congress finds the following: (1) Cryptocurrency theft and related digital asset crimes have increased in frequency, scale, and sophistication, resulting in significant financial harm to individuals, businesses, and communities across the United States. (2) Cryptocurrency theft has created a criminal justice and law enforcement challenge involving fraud, hacking, theft, conspiracy, and other violations of Federal criminal law. (3) Victims of cryptocurrency theft frequently encounter fragmented and inconsistent responses from Federal, State, and local authorities due to the absence of a centralized Federal coordination mechanism. (4) State and local law enforcement agencies often lack clear guidance, training, and Federal points of contact for responding to cryptocurrency theft incidents.