Biden Administration Expanding Cryptocurrency Analysis to Find Criminal Transactions

Biden Administration Expanding Cryptocurrency Analysis to Find Criminal Transactions


The U.S. government is expanding its cryptocurrency analysis in a strategy to find and pursue criminal transactions. This comes in the wake of a rising problem of ransomware involving cryptocurrency, such as bitcoin. “Combating ransomware is a priority for the administration,” said a spokesperson for the White House.

US Government to Expand Cryptocurrency Analysis

The Biden administration unveiled its strategy to combat cryptocurrency ransomware in a White House press briefing Tuesday.

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“Combating ransomware is a priority for the administration,” White House Principal Deputy Press Secretary Karine Jean-Pierre said. “President Biden has already launched a rapid strategic review to address the increased threat of ransomware to include four lines of effort.”

Jean-Pierre described that one line of effort targets the “distribution of ransomware infrastructure and actors working closely with the private sector,” while another focuses on “building an international coalition to hold countries who harbor ransom actors accountable.” There is also an effort to review “USG’s ransomware policies,” she affirmed,

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