Senator Elizabeth Warren drafts bill to target use of crypto by sanctioned Russians

Sen. Elizabeth Warren (D-MA) is preparing a bill in response to fears that Russian nationals may be using cryptocurrency to evade sanctions. The draft legislation , first reported by NBC, would require banks and other financial institutions to both identify customers and transfers to private wallets, and regularly report information to the Treasury Department. But crypto firms insist that there's no evidence of sanctions evasion on their exchanges. "Criminals can use cryptocurrency to move money...