US Treasurer: Crypto for Evading Sanctions ‘Not Enough’
Neille Liang indicated that the crypto market is still undeveloped to be used to evade sanctions in a large-scale way. Senator Elizabeth Warren presented a bill to ensure Russia not to undermine economic sanctions. President Joe Biden signed an executive order on crypto regulation last week. Neille Liang, Treasury undersecretary for domestic finance, stated that the crypto market is too small to run an economy on. In addition, Liang said the crypto environment is still undeveloped to successfully aid sanctions evasion for Russia. At an interview with Reuters on Friday, the Treasury undersecretary said: “The transaction size we’ve seen is
