Barr said, “Cryptocurrency is a technology that could fundamentally transform how human beings interact, and how we organize society. Ensuring that use of this technology is safe, and does not imperil our public safety or our national security, is vitally important to America and its allies.”
On the other hand, the Federal Bureau of Investigation (FBI) Director Christopher Wray noted that they witness how criminals pose dangers to our society by using cryptocurrency to advance their illegal activities.
Wray said, “As this Enforcement Framework describes, we see criminals using cryptocurrency to try to prevent us from ‘following the money’ across a wide range of investigations, as well as to trade in illicit goods like criminal tools on the dark web. For example, the cybercriminals behind ransomware attacks often use cryptocurrency to try to hide their true identities when acquiring malware and infrastructure and receiving ransom payments.
John C. Demers, Assistant Attorney General for the National Security Division and a member of the Task Force said, “As the Cryptocurrency Enforcement Framework explains, we will adapt our strategy and tools to 21st-century financing, including to combat the use of cryptocurrencies to evade enforcement and harm our national security.”
