Sen. Warren Needs to Know How Drug Companies Are Pursuing Crypto Ties to Fentanyl

U.S. Sen. Elizabeth Warren (D-Mass.) is demanding to understand how the Biden administration is doing in throttling the usage of cryptocurrencies within the trafficking of fentanyl, in line with a letter she and one other lawmaker despatched to the White Home Workplace of Nationwide Drug Management Coverage and the Drug Enforcement Administration (DEA).

Warren and Sen. Invoice Cassidy (R-La.) requested for updates on “actions to crack down on drug traffickers’ exploitation of crypto to develop their enterprise and launder their ill-gotten features,” the letter mentioned, arguing that “cryptocurrency has performed an more and more outstanding position within the world fentanyl commerce over the previous decade, each when it comes to facilitating the manufacturing and trafficking of fentanyl and in laundering drug cartels’ legal proceeds.”