Senator Tim Scott Calls Crypto A “Scapegoat” For Illicit Finance Concerns in Crucial Remarks During Crypto Hearing
1 year ago
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Senator Tim Scott (R-SC) grilled Deputy Secretary of the Department of the Treasury Adewale O. Adeyemo over his focus on cryptocurrencies regarding unlawful crypto funding, saying it seemed like a "scapegoat" from his administration in lieu of focusing on the entire illicit finance ecosystem. Tuesday's hearing follows broader political conversation on how to effectively legislate cryptocurrencies in light of use by American adversaries.
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