In a joint effort to fight the illicit trafficking of kid sexual abuse materials (CSAM), US senators Elizabeth Warren and Invoice Cassidy have written a letter to the US Division of Justice (DOJ) and Division of Homeland Safety (DHS) expressing concern in regards to the alleged use of crypto to facilitate these actions.
Alleged Hyperlink Between Crypto And Baby Sexual Abuse
Within the letter, the senators spotlight the “pseudonymity” offered by cryptocurrencies, which they are saying has enabled the fast motion of funds for CSAM into the crypto world.
It was additionally acknowledged that each Warren and Cassidy are dedicated to making sure that Congress and the Administration have the instruments needed to finish CSAM and maintain these accountable for its distribution accountable.
The legislators’ considerations are based mostly on a January 2024 report from blockchain analytics agency Chainalysis, which identifies cryptocurrency-based gross sales of CSAM as “a rising downside.”
The report reveals that digital forex has turn into the popular fee methodology for patrons and sellers of business youngster sexual abuse content material. Moreover, a Monetary Development Evaluation by the Division of the Treasury’s Monetary Crimes Enforcement Community (FinCEN) signifies an growing development of perpetrators utilizing convertible digital currencies to evade detection.
The senators cite troubling findings from FinCEN, which found hundreds of suspicious exercise experiences associated to on-line youngster sexual exploitation and human trafficking offenses involving Bitcoin.
These experiences allegedly recognized over 1,800 distinctive Bitcoin pockets addresses related to suspected offenses, with CSAM being particularly talked about in 95% of the circumstances.
Senators Demand Accountability
The senators additional identified that Homeland Safety investigators performed a vital function within the indictment of a South Korean nationwide and quite a few customers in america for working a darkish net pornography web site funded by Bitcoin.
Nonetheless, legislators observe that using cryptocurrency in CSAM’s illicit commerce seems to be growing.
The Chainalysis evaluate additional reveals that whereas the scale of the crypto-based CSAM market has decreased, sellers have turn into extra “subtle and resilient” to detection and takedowns. In keeping with the report, Bitcoin stays essentially the most broadly used cryptocurrency for buying CSAM.
To deal with these challenges, Senators Warren and Cassidy requested the DOJ and DHS a sequence of questions, looking for clarification on their present evaluation of the alleged cryptocurrency’s function in facilitating CSAM, the sophistication of CSAM sellers, and the “distinctive challenges” posed by means of crypto as fee in these crimes.
In addition they inquire in regards to the businesses’ steps to fight CSAM sellers’ use of cryptocurrency, privateness cash, and obscurification strategies.
Senator Warren’s earlier efforts embody introducing the Digital Asset Anti-Cash Laundering Act, a bipartisan invoice to counter unlawful actions and misuse of digital currencies.
The invoice seeks to carry the digital asset ecosystem into “higher compliance” with anti-money laundering and counter-terrorism financing frameworks.
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