Does Jack Reed Support Crypto?

Jack Reed

@SenJackReed

If foreign banks or foreign crypto firms knowingly do business w/ terrorists, they should lose access to the U.S. financial system. Our new bipartisan bill gives @USTreasury tools to protect our nat’l & economic security from new & emerging threats from terrorist orgs. twitter.com/markwarner/sta…

2023-12-11T21:08:26.000Z · via Twitter

Jack Reed

@SenJackReed

Crypto ATM & decentralized finance (DeFi) services are being used as tools by money launderers & sanction evaders. To reduce nat’l & economic security risks, I’m joining colleagues to intro CANSEE Act to bolster @USTreasury authorities & protect financial system integrity. pic.twitter.com/DduQRqvd5u

2023-07-19T18:50:51.000Z · via Twitter

Jack Reed

@SenJackReed

.@USTreasury is sanctioning Russia-based crypto platforms that are hotbeds of illicit activity & facilitate sales of ransomware, drugs, stolen credit cards, etc. & let cybercriminals hide their tracks. This is a critical step to prevent crypto from undermining nat'l security.

2022-04-05T21:49:06.000Z · via Twitter

Jack Reed

@SenJackReed

Russia is looking at alternative assets, including crypto, to evade sanctions. Blockchain transparency doesn’t provide enough deterrence. The Digital Asset Sanctions Compliance Enhancement Act is needed to strengthen our sanctions on Putin & his enablers. cnbc.com/2022/03/24/rus…

2022-03-25T21:15:26.000Z · via Twitter

Somewhat Anti-Crypto

Jack Reed

@SenJackReed

We can’t let Putin & his cronies use crypto to evade sanctions. Joined @SenWarren @MarkWarner @SenSherrodBrown in urging U.S. Treasury to monitor & enforce sanctions compliance by the cryptocurrency industry. nytimes.com/2022/03/02/bus…

2022-03-02T17:24:28.000Z · via Twitter