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

2026-05-14 15:41

Odaily Planet Daily News: Democratic Senator Jack Reed stated during the CLARITY Act review meeting that Iran is using cryptocurrency to procure sensitive goods, and the drones they are purchasing are wreaking havoc in the Persian Gulf. Furthermore, most of these funds are being converted into stablecoins. If we truly support our military, we should cut off their (Iran’s) funding sources.