May 22, 2024

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US Lawmakers Urge Treasury Action on Russian Crypto Exchange Sanctions Evasion

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US Lawmakers Urge Treasury Action on Russian Crypto Exchange Sanctions Evasion
US Lawmakers Urge Treasury Action on Russian Crypto Exchange Sanctions EvasionU.S. Congressman Gabe Amo (D-RI), along with Congressmen Brad Sherman (D-CA) and Gerald E. Connolly (D-VA), sent a letter to U.S. Treasury Secretary Janet Yellen regarding the Moscow-based cryptocurrency exchange Garantex. They expressed concerns that Garantex is reportedly facilitating sanctions evasion and funding Russia’s invasion of Ukraine. The letter cited reports indicating that $20 billion […]