Crypto helps fund fentanyl trade, says Sen. Elizabeth Warren, calling for strict regulation

In a U.S. Senate Banking Committee hearing on Wednesday, Senator Elizabeth Warren brought up the use of crypto to fund trade in the opioid fentanyl between China and the United States.

“Fentanyl is among the leading causes of death among Americans 18 to 45,” said Warren. “China is the leading supplier of chemical ingredients called precursors…China also plays a major role in laundering money for cartels.”


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