Bill Would Ensure Cryptocurrency Not Used to Evade Sanctions on Russia

As the U.S. searches for new ways to punish Russia for invading Ukraine, Sen. Elizabeth Warren, D-Mass., is crafting legislation she hopes will make it harder to use cryptocurrency to evade sanctions. The proposal, still in draft form, has taken on new urgency as bipartisan concerns grow that members of Moscow’s elite might be able to sidestep sanctions by using digital currencies.

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