Senators Elizabeth Warren and William Cassidy say crypto has played an “increasingly prominent role” in the fentanyl industry.
United States Senator Elizabeth Warren is demanding an update from drug agencies about their latest findings and efforts around the use of crypto in the illicit fentanyl market.
“[We] seek an update on the Biden Administration’s actions to crack down on drug traffickers’ exploitation of crypto to grow their business and launder their ill-gotten gains,” Senators Warren and William Cassidy wrote in a May 29 letter.
The letter, addressed to Office of National Drug Control Policy director Rahul Gupta and the Drug Enforcement Administration’s administrator Anne Melissa Milgram reiterated their long-running claim that cryptocurrencies have “played an increasingly prominent role” in the fentanyl trade, with much of it ending up in the United States for consumption.
