On the 29th of May, in a joint letter with William Cassidy, Warren shared updates on crypto's role in the illicit fentanyl market.
Despite Biden’s recent pro-crypto stance, Senator Elizabeth Warren remains staunchly anti-crypto. On the 29th of May, in a
with Senator William Cassidy, Warren shared updates sent in from drug agencies on crypto’s role in the illicit fentanyl market.The letter written to Rahul Gupta, Director, Office of National Drug Control Policy noted,international fentanyl trafficking trade and to seek an update on the Biden Administration’slaunder their ill-gotten gains.”
Warren’s letter underscores the significant impact of illicitly produced fentanyl on rising overdose deaths in the United States. It also highlighted the influence of cryptocurrency in enabling the fentanyl trade and money laundering. Supporting their argument with a series of data, Warren and Cassidy concluded the letter by asking specific questions to the Biden administration, requesting responses by 14th June.This isn’t the first time Warren highlighted her strong anti-crypto stance. On October 2023 she underlined how Hamas utilized cryptocurrency to finance its terrorist activities during the Israel-Palestine conflict.
“Nearly a third of voters say that they are more open to learning about crypto investing or actually investing in crypto since the beginning of the year.”
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