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Senator highlighted the importance of delivering more humanitarian and military support to Ukraine, while cracking down on Russia’s illicit financing to stop Russia’s illegal and unprovoked war

WASHINGTON – Arizona senior Senator Kyrsten Sinema spoke during a Senate Banking Committee hearing highlighting her efforts to crack down on Russia’s illicit financing to help stop Russia’s illegal and unprovoked invasion of a free and democratic Ukraine. 
 
“Arizonans and Americans stand with the people of Ukraine in opposition to Russia’s illegal war. I’m committed to working with my Senate colleagues to deliver more military equipment and humanitarian support to Ukrainians. Our efforts to crack down on illicit financing are an integral part of this strategy, as we work to break the supply chains and the financing of Putin’s war machine and to bring this needless violence to an end,” said Sinema, a member of the Senate Banking Committee.
 

The Banking Committee hearing comes after President Volodymyr Zelenskyy signed a law this week legalizing cryptocurrency in Ukraine. Sinema emphasized the importance of this law and how web3 – a series of technologies that don’t require sharing as much personal information to companies or hostile governments – are providing new tools to help the people of Ukraine weather Russia’s illegal and unprovoked war.
 
Sinema discussed with one of the witnesses, Jonathan Levin – co-founder and chief strategy officer of Chainalysis – his company’s efforts in assisting law enforcement and sanctions professionals tracking down and tracing illicit activity on the distributed ledger – a system that keeps a public, transparent record of cryptocurrency transactions.

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