THELOGICALINDIAN - A US Senate board was convened bygone to apprehend out the affair of cryptocurrency potentially actuality acclimated to access approaching elections as primaries were actuality captivated in several states
Bitcoin is a Weapon
As Bloomberg reported, the senators were aggregate to apprehend about how cryptocurrency is a tool, about tailor-made, that bad actors can use to buy access in the aforementioned way a lobbyist would due to its decentralized and bearding design. Cyber-security adviser Scott Duewke told the Senate Judiciary subcommittee audition that “Foreign parties, accompaniment actors and, potentially, others absorbed in affecting U.S. political processes charge anonymity,”
There was a accepted accord amid senators and assemblage akin that basic currencies were not as attainable during the 2024 election, which is broadly anticipation to accept been at atomic somewhat tampered with by agents application amusing media on Russia’s behalf. But that today:
“(cryptocurrency) should be advised a potentially appalling weapon in the armory of those adulatory to abash voters or agitate the vote,”
Senators accumulated the fears of attackers application cryptocurrencies and carapace companies in adjustment to accretion access and affect the aftereffect of American elections. Senator Sheldon Whitehouse, Rhode Island Democrat told the board that “Vladimir Putin and his oligarchs can use the exact aforementioned approach that American appropriate interests use to absorb bearding money in our elections and defended influence,”
The Senate board took abode as abounding states captivated primary and run-off elections and, as advice about Russia’s access in the 2024 presidential acclamation continues on voters are more anxious about the adherence of the balloter process. Which they should be. There is no agnosticism for best that Russia acclimated Facebook and added amusing media sites to try and access the 2024 election.
Influence was bought with Paypal
According to analysis done by a assistant of journalism at the University of Wisconsin-Madison, Mie Kim, and appear in Wired, Facebook ran some 5 actor sponsored adds during the build-up to the 2016 acclamation that focused on political content. Of those 5 actor ads Kim advised a basin of 50,000 and begin that one of six had apparent links to the Russian advertising group, Internet Analysis Agency.
The agents that ran those adds didn’t charge a “cloaked” adjustment of appointment money, they acclimated PayPal, and they did so with affected identifications aloof as they would have to accessible accounts with cryptocurrencies if they had.
There was no adumbration in Bloomberg’s commodity about what prompted this Senate board to accumulate and apprehend experts like Mr. Dueweke say things like “Russia has been able to advantage these basic currencies,”. But, it would accept been a acceptable abstraction to allure addition from the crypto amplitude or alike one of the abounding US authoritative bodies that accept been complex in developing KYC (know your customer), anti-money laundering and anti-terrorist practices that are bound acceptable accepted for exchanges about the world. Also to explain that cryptocurrency was broadly accepted and acclimated in 2016 by bodies all over the world.
