Cryptocurrency has develop into “the payment of choice for perpetrators of child sexual abuse and exploitation,” the lawmakers famous, bringing up a February FinCEN Pattern Research from transactions in 2020 and 2021 and a Chainalysis file from this week January. “Existing anti-money laundering rules and law enforcement methods face challenges in effectively detecting and preventing these crimes – and we seek to ensure that Congress and the administration are doing their part to address these challenges.”