U.S. Sen. Elizabeth Warren (D-Mass.) is requesting information on the Biden administration’s efforts to reduce the use of cryptocurrencies in fentanyl trafficking, as stated in a letter she and Sen. Bill Cassidy (R-La.) sent to the White House Office of National Drug Control Policy and the Drug Enforcement Administration (DEA).
Warren and Cassidy are seeking updates on the steps being taken to combat drug traffickers’ use of cryptocurrency to expand their operations and launder their illegal profits. They argue that cryptocurrency has become increasingly important in the global fentanyl trade, facilitating the production and distribution of fentanyl as well as the laundering of criminal proceeds by drug cartels over the past decade.
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