US senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) this week warned in a letter to government officials that Irans Bitcoin mining industry has created a revenue stream big enough to weaken the effects of economic sanctions.
Crypto mining allows Iran to purchase imports, move funds domestically and internationally, and fund Hamas and other terrorist organisations, the letter said, adding that this ongoing activity by the Iranian government threatens our national security.
These Senators are just haters of Iran and Palestine. The same set of senators raised the alarm that Hamas is been funded with cryptocurrencies. They are just surprised that Iran has been able to withstand Western sanctions. So they are just seeking means to place more sanctions on Iran with this Bitcoin mining claim. The contribution of Bitcoin mining to the Iranian economy is insignificant compared to the size of the economy. Considering the decentralized nature of Bitcoin, it will be difficult to stop Iran from gaining from Bitcoin mining.
This stupid grandma Warren. A letter? Does this honorable senator want to increase American military presence in the middle east and escalate the situation into direct war because this grandma is anticrypto? Does she know what she is doing or is everything only because of corporate interests by her backers?
Using the word stupid to depict a 74-year-old senator just because of her views about crypto might be inappropriate. As a lawmaker, her job is to propose laws and it is up to the house to determine if her position is good or bad. The reason for her constant attack on the crypto industry might be because of her ideology or negative perception of the industry.