Two senators on the Intelligence Committee suggested over the weekend that lawmakers should take increased measures to regulate and trace cryptocurrencies.
The recommendations come after a second major ransomware attack within a month that has demanded payments in digital currencies.
According to Forbes, Senator Roy Blunt unleashed a tirade on cryptocurrencies and the anonymity they provide on NBC News on Sunday.
Two ransomware attacks on Colonial Pipeline and meatpacker JBS sparked widespread gas shortages and meat plant shutdowns. Colonial paid the hackers around $4.4 million in Bitcoin, and it was unclear whether JBS had paid a ransom at the time of writing.
JBS reported that the attack originated from a criminal group likely based in Russia. The FBI believes a group with ties to Russia called DarkSide carried out the attack on Colonial Pipeline.
Crypto Ransomware Rising
Blunt stated that lawmakers should not allow cryptocurrencies to operate “behind the scenes,” calling them th
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