During a recent government meeting, officials emphasized the urgent need for local police departments to enhance their reporting mechanisms regarding cryptocurrency-related crimes. A key speaker highlighted that many police chiefs do not recognize the extent of the cryptocurrency problem, as victims often fail to report incidents to law enforcement. The speaker urged that consistent reporting to local police and the FBI's Internet Crime Complaint Center (IC3) is crucial for understanding the scale of the issue and for allocating necessary resources.

The discussion also touched on the intersection of human trafficking and financial crimes. A congresswoman expressed concern over trafficking victims being exploited in scam operations. In response, a representative from the Secret Service clarified that while combating human trafficking is not their primary focus, they do address the financial networks that facilitate such crimes. They collaborate with Homeland Security to rescue victims and provide support, and they referenced a recent State Department report that outlines recommendations for tackling human trafficking, particularly in relation to online fraud.

The meeting underscored the importance of inter-agency cooperation and the need for improved reporting systems to combat both cryptocurrency fraud and human trafficking effectively.