In response to the misinformation in Senators Warren and Marshall and Representative Casten’s letter to the Biden Administration on crypto-financed terrorism, the Chamber wrote a letter to 280 Congressional staffers, including to all of the 102 co-signees and other relevant Members’ staffers.

The letter provides the full known context of crypto in financing terror and dispels the inaccurate conclusions derived from faulty analysis and methodology. The Chamber supports the proactive use of blockchain technology and related analytics to track, deter and apprehend terrorists and criminals. Mischaracterizing the use of blockchain and crypto in perpetrating heinous crimes does a disservice to the myriad American blockchain-based businesses striving to protect national security and grow our economy.