The legitimacy of crypto has been time and again questioned due to its involvement in illicit activities. The looming concern has again surfaced with a US senator posing questions to the secretary of treasury about how the country is planning to combat digital asset transactions used in terrorist activities.
Sherrod Brown raises questions on crypto’s involvement in terrorist activities
Senator Sherrod Brown questioned Janet Yellen, the secretary of the Treasury, on whether Congress needed more power to stop terrorists using digital assets. The US currently incorporates measures to detect and subsequently stop illicit users from buying, selling, or transacting in weapons or any questionable activities. However, Brown questions that most of these date back to the post-9/11 incident. As the illegal use of crypto assets increases, America now grapples with the question of how to update its methods.
Brown in his cautioned questions tried to shed light on the fact that “as terrorists con
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