US lawmakers discuss crypto’s role in sanctions, national security and humanitarian aid By Cointelegraph



Industry experts and lawmakers who spoke at a hearing of the United States Senate Committee on Banking, Housing, and Urban Affairs clashed on how the country should handle digital assets used for illicit purposes.

Speaking remotely in a Thursday hearing on “Understanding the Role of Digital Assets in Illicit Finance,” Michael Chobanian, the founder of Kuna crypto exchange and president of Blockchain Association of Ukraine, called out Binance. He claimed the crypto exchange was “still working with the ruble” and implied the firm was not in compliance with current sanctions against Russia, which has engaged in a military invasion of Ukraine since Feb. 24.

Kuna founder Michael Chobanian addressing the Senate Banking Committee remotely