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CLARITY Act Hearing Live: Iran is using cryptocurrencies to purchase war tools, and most of these funds are flowing into stablecoins.

SmartContractAuditor

2026-05-14 16:22:28

Odaily Planet Daily News reports that Democratic Senator Jack Reed stated at the CLARITY bill hearing that Iran is using cryptocurrencies to purchase sensitive goods, and the drones they buy are wreaking havoc in the Persian Gulf. Moreover, most of these funds have been converted into stablecoins. If they truly support our military, then their funding sources should be cut off.

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