The government doesn’t care about the border as much as it cares about crypto.
The Treasury Department has launched a new Strike Force that’s masquerading as a way to crack down on illicit funds behind fentanyl trafficking. However, it’s really meant to crack down on money laundering networks — especially those utilizing cryptocurrency.
The Strike Force will be led by the Office of Terrorism and Financial Intelligence and IRS Criminal Investigation.
Glenn doesn’t think this story should slide under the radar as it’s an especially shady move, considering the flow of fentanyl could be greatly reduced if the government would simply close the open southern border.
Stu Burguiere agrees, noting that the move “seems like a money grab by the federal government.”
“You need a central bank digital currency that you can turn off for purchases of these bad things. That way you could stop people from doing all these naughty things,” Stu mocks, adding that it’s like a “department of pre-crime.”
Secretary of the Treasury Janet Yellen praised the move in a statement on Monday.
She noted that the “new Strike Force will allow us to bring the Department’s unrivaled expertise in fighting financial crime” and that the “treasury will use every bit of every tool at it’s disposal to disrupt the ability of drug traffickers to pedal this poison.”
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