US Senators Elizabeth Warren (D-Mass.) and Bill Cassidy (R-La.) are urging US authorities to crack down on the use of crypto in the illegal trade of child sexual abuse material (CSAM).
The lawmakers raised the alarm in an April 26 bipartisan letter addressed to Attorney General Merrick Garland and Secretary of Homeland Security Alejandro Mayorkas.
Crypto payments for CSAM
The senators identified the pseudonymity of cryptocurrencies as a critical factor that facilitates the movement of payments for CSAM into the digital realm. They noted that crypto has become the preferred payment method for such illicit activities, emphasizing the urgent need for legislative and administrative actions to address this issue.
A January 2024 report from Chainalysis, a leading blockchain analytics firm, confirms the growing problem of crypto-based sales of CSAM. The report identified virtual currency as the dominant method among buyers and sellers of commercial CSAM content.
A February analysis by the De
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