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Democratic Senator: Iran is using cryptocurrency to purchase war tools, with the majority of these funds flowing into stablecoins.

2026-05-14 15:41

Odaily Planet Daily reports that Democratic Senator Jack Reed stated during the CLARITY Act review meeting that Iran is using cryptocurrency to procure sensitive goods, and the drones it purchases are wreaking havoc in the Persian Gulf. He added that most of these funds are converted into stablecoins. If we truly support our military, we should cut off their funding source (Iran).