Warren Expands Coalition of Banking Committee Support for Bill Cracking Down on Crypto's Use in Money Laundering, Drug Trafficking, Sanctions Evasion
Press Release
Issues: Economy and Fiscal Criminal Justice
"The Treasury Department is making clear that we need new laws to crack down on crypto's use in enabling terrorist groups, rogue nations, drug lords, ransomware gangs, and fraudsters to launder billions in stolen funds, evade sanctions, fund illegal weapons programs, and profit from devastating cyberattacks. I'm glad that five new senators are joining the fight to take action, including three members of the Banking Committee -- our bipartisan bill is the toughest proposal on the table cracking down on crypto's illicit use and giving regulators more tools in their toolbox."
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