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24 June 2021

US Senators Call for Increased Measures to Regulate and Trace Cryptocurrencies – Regulation Bitcoin News

US Senators Call for Increased Measures to Regulate and Trace Cryptocurrencies – Regulation Bitcoin News


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senators have urged lawmakers to increase measures to regulate cryptocurrencies, including how to trace cryptocurrency transactions, in order to combat ransomware attacks.

“We haven’t figured out in the country or in the world how to trace cryptocurrency,” one senator said, adding that “We’ve got to do a better job here.”.

Two senators on the Intelligence Committee talked about the government’s efforts to combat a growing problem of ransomware involving cryptocurrency in an interview with NBC News Sunday.

Senator Roy Blunt recalled that he and Senator Tom Carper were leading the effort to try to make reporting of ransomware attacks mandatory.

However, he said that “there was a lot of pushback” because “Nobody wanted to report that they had been hacked.”.

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