U.S. Senator Margaret Hassan has requested that government agencies take “additional targeted steps to prevent and prosecute the use of cryptocurrency for criminal purposes.” She expressed her concern over “the rise in the use of cryptocurrency for criminal purposes.”
US Senator Requests Agencies Take Steps to Prevent and Prosecute Use of Crypto for Criminal Purposes
U.S. Senator Maggie Hassan wrote a letter to Attorney General Merrick Garland expressing her concern about the criminal use of cryptocurrencies Thursday. Garland is the 86th U.S. attorney general, the nation’s chief law enforcement officer who leads the Department of Justice (DOJ). Senator Hasan wrote:
I write to express my concern over the rise in the use of cryptocurrency for criminal purposes, and request that your agencies take additional targeted steps to prevent and prosecute the use of cryptocurrency for criminal purposes.
The letter was also forwarded to Alejandro Mayorkas, secretary of the Department of Homeland Security (DHS); Charles Rettig, commissioner of the Internal Revenue Service (IRS); Gary Gensler, chairman of the Securities and Exchange Commission (SEC); and Himamauli Das, acting director of the Financial Crime Enforcement Network (FinCEN).
In her letter, Hassan brought up that the town of Peterborough in New Hampshire suffered a cyberattack last month and $2.3 million in taxpayer dollars were stolen, noting that most of the funds were converted into cryptocurrencies.
The senator from New Hampshire asserted:
The anonymity provided by cryptocurrency has helped facilitate its use by criminals in a myriad of ways. These uses include drug sales over the dark web, payments for ransomware attacks, tax evasion, financing for terrorism and organized crime, money laundering, and more.