US senators want to strengthen cryptocurrency regulations.
Two U.S. Senators, Roy Blunt and Mark Warner, discussed cryptocurrency’s role in ransomware in the latest episode of “Meet the Press,” which calls for stronger regulation. Warner said the discussion about cryptocurrencies and ransomware “has only just begun”:
While Warner acknowledged “some good things” coming out of cryptocurrencies, he also noted that ransomware is a “dark spot”:
Earlier this week, JBS, the world’s largest meat supplier, suffered a major ransomware attack. The company had to pay a $5 million ransom in cryptocurrency. The Biden administration is currently focused on investigating the role of crypto in recent ransomware attacks.