US Lawmakers Urge Treasury Action on Russian Crypto Exchange Sanctions Evasion

U.S. Congressman Gabe Amo (D-RI), along doning Congressmen Brad Sherman (D-CA) and also Gerald E. Connolly (D-VA), sent a letter to U.S. Treasury Secretary Janet Yellen observing the Moscow-based cryptocurrency industry Garantex. They expressed priorities that Garantex is allegedly facilitating assents evasion and also loan Russia’s crisis of Ukraine. The letter mentioned reports presenting that $20 billion in cryptocurrency passed doning Garantex, making utilise of secure stablecoins (USDT), regardless of assents enforced in April 2022. The lawmakers frisked for info on U.S. quantifies to inhibit such evasion, the job of Secure, and also extraneous tools vital to thwart further assents evasion doning cryptocurrency marts.