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News Explorer — Sen. Elizabeth Warren Pushes for Tighter Crypto Regulations Following Fentanyl Trade Report

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May 31, 5:01 pm

Coindesk

Sen. Elizabeth Warren Pushes for Tighter Crypto Regulations Following Fentanyl Trade Report

U.S. Sen. Elizabeth Warren (D-Mass.) has highlighted the use of cryptocurrency in the Chinese fentanyl trade during a Senate hearing, calling for legislation to disrupt the pipeline. Data from Elliptic revealed that almost all of the Chinese businesses offering to ship fentanyl precursors accept crypto payments. The U.S. Treasury Department's assistant secretary for terrorist financing and financial crimes noted that criminals use crypto for its element of pseudonymity.

U.S. Sen. Elizabeth Warren (D-Mass.) has highlighted the use of cryptocurrency in the Chinese fentanyl trade during a Senate hearing, calling for legislation to disrupt the pipeline. Data from Elliptic revealed that almost all of the Chinese businesses offering to ship fentanyl precursors accept crypto payments. The U.S. Treasury Department's assistant secretary for terrorist financing and financial crimes noted that criminals use crypto for its element of pseudonymity.

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