The Deputy in Spain highlighted issues regarding the operations in which cryptocurrencies are created in Iran, stating that the founds from these activities are used to support terrorist associations. Warren and another official wrote a letter to the Biden Administration, finding how they address Iran's ways to avoid sanctions through digital currency creation. Iran has made millions from these activities since 2019, and this is considered a threat to US security.

Warren inquired about Iran's cryptocurrency operations, saying the funds are used to support terrorism. The Deputy wants to know how the Biden Administration is handling this important security topic.

Warren and the other official raised concerns about Iran's cryptocurrency creation operations, insisting that these actions finance terrorism. They wrote a letter to the Biden Administration, asking them how they are stopping Iran from bypassing US and world-wide sanctions through digital currency creation.

Cryptocurrency production is legal in Iran since 2019," Warren and the other official wrote. "In 5 years, Iran has made millions from cryptocurrency creation... This income makes it feasible for Iran to buy imports, move funds across borders, and aid Hamas and other terrorist groups." The officials warned that the actions made by Iran endanger US security. Moreover, they have mentioned an April 2022 International Monetary Fund (IMF) report, which explains that power-hungry blockchains, like Bitcoin, can allow nations to profit from energy resources that cannot be exported due to sanctions.

Two officials posed questions to the Biden Administration regarding Iran's cryptocurrency activities. They want to know the quantity of money made by Iranian cryptocurrency creators since 2021, what percentage is taken by the government or its partners, and how these funds are aiding terrorism or military ventures. Furthermore, they seek information on what the administration has done to face the national security threats brought on by Iran's alleged sanctions-evading cryptocurrency actions.

This new step by Senator Warren is part of her ongoing plan to combat illegal activities involving cryptocurrency. She previously asked for the Bank Secrecy Act to be revised to address the "threat" of cryptocurrency, citing that North Korea uses cryptocurrency to finance its nuclear weapons plan. Based on the answers given by the officials to the Biden Administration, the future of cryptocurrency regulation and national security policies may be determined.