US Senators Call for Increased Measures to Regulate and Trace Cryptocurrencies

US Senators Call for Increased Measures to Regulate and Trace Cryptocurrencies


Two U.S. senators have urged lawmakers to increase measures to regulate cryptocurrencies, including how to trace cryptocurrency transactions, in order to combat ransomware attacks. “We haven’t figured out in the country or in the world how to trace cryptocurrency,” one senator said, adding that “We’ve got to do a better job here.”

Senators Urge Lawmakers to ‘Do Better’ in Regulating Cryptocurrencies

Two senators on the Intelligence Committee talked about the government’s efforts to combat a growing problem of ransomware involving cryptocurrency in an interview with NBC News Sunday.

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Senator Roy Blunt recalled that he and Senator Tom Carper were leading the effort to try to make reporting of ransomware attacks mandatory. However, he said that “there was a lot of pushback” because “Nobody wanted to report that they had been hacked.”

He added: “That was a fight we’ve been having now for almost a decade. And the only way you can begin to get on top of this is

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