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US senators urge stricter crypto regulation after a flood of ransomware attacks

12 days ago   |   By Business Insider

Summary List Placement Two US senators called for stricter cryptocurrency regulation after a flood of ransomware attacks that plagued the country in the past months.
Democratic Senator Mark Warner of Virginia, chair of the Senate Intelligence Committee, told NBC Meet the Press on Sunday that regulators need to scrutinize the cryptocurrency loopholes that help criminals carry 0ut cyberattacks.
"There was some good things coming out of distributed ledger technology, but we are seeing now some of the dark underbelly," Warner said. "If a company is paying, if there's not some transparency of...
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