Cryptocurrencies Won’t Help Russia Evade Sanctions
In response to Russia’s ongoing invasion of Ukraine, the US has enacted a severe set of economic sanctions targeting the Russian government (including President Vladimir Putin himself), wealthy individuals, and Russian businesses closely associated with the Kremlin. But shortly after these sanctions were announced, Sen. Elizabeth Warren (D-MA) retweeted a sensational New York Times article that suggested cryptocurrencies could be used to evade U.S. sanctions. Then, in a March 2 letter to the Tr...