U.S. Sen. Elizabeth Warren (D-Mass.) is demanding to know how the Biden administration is doing in throttling the use of cryptocurrencies in the trafficking of fentanyl, according to a letter she and another lawmaker sent to the White House Office of National Drug Control Policy and the Drug Enforcement Administration (DEA).
Warren and Sen. Bill Cassidy (R-La.) asked for updates on “actions to crack down on drug traffickers’ exploitation of crypto to grow their business and launder their ill-gotten gains,” the letter said, arguing that “cryptocurrency has played an increasingly prominent role in the global fentanyl trade over the past decade, both in terms of facilitating the manufacturing and trafficking of fentanyl and in laundering drug cartels’ criminal proceeds.”