In a letter sent to National Security Adviser Jake Sullivan, Defense Secretary Lloyd Austin and Treasury Secretary Janet Yellen, lawmakers called on the Biden administration to provide information about possible ties between the Iranian government and cryptocurrency miners, and using digital assets to circumvent sanctions. According to Elizabeth Warren and Angus King, Iran used funds received from cryptocurrency mining to finance terrorist organizations and attacks on Israel.
“Iran’s use of cryptocurrencies to evade sanctions poses a direct threat to our national security. The Iranian military has used cryptocurrency to finance known terrorist groups such as Hezbollah, which is believed to be responsible for the January strike on Jordan that killed three American service members. If we do not take action, Iran will continue to use cryptocurrency to finance attacks on Israel,” the letter says.
Senators are asking the presidential administration to provide data on the income of Iranian miners, the use of digital assets for money laundering and the danger this poses to US national security.
Note that Elizabeth Warren has repeatedly spoken about cryptocurrencies in a negative way. Recently, she, along with Senator Roger Marshall, announced the use of USDT by Russia, Iran and North Korea to circumvent sanctions.
Source: Bits

I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.