- U.S. Senator Elizabeth Warren labels cryptocurrency as a “new threat,” citing concerns about its use in terrorist financing and drug trafficking.
- Warren alleges that North Korea is using crypto to fund half of its nuclear weapons program.
- JPMorgan Chase CEO Jamie Dimon suggests closing down crypto if he were the government.
U.S. Senator Elizabeth Warren reiterated her concerns about cryptocurrency, labeling it as “a new threat.” She alleged that crypto is being utilized for terrorist financing and drug trafficking.
In a recent interview on NBC’s Squawk Box, Senator Warren, in her attempt to regulate crypto, sounded the alarm on crypto, stating:
There is a new threat out there. It’s crypto. It is being used for terrorist financing. It is being used for drug trafficking.
Warren went further, alleging that North Korea is using cryptocurrency to “pay for about half of its nuclear weapons program.”
Warren’s worries find support in reports from blockchain intelligence firms. Earlier this year, TRM Labs revealed that North Korea-linked hackers stole $200 million worth of cryptocurrency, while Chainalysis reported experts agreed that these stolen…
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