Senator Elizabeth Warren (D-MA) raised concerns about the illicit use of cryptocurrency during a recent Senate Committee on Armed Services hearing. Highlighting specific threats like terrorism financing and ‘pig butchering’ scams, Senator Warren emphasized the need for stricter regulations to combat these criminal activities. Pig butchering scams, where fraudsters build trust with victims before stealing significant sums of money, have become a growing concern within cryptocurrency. According to GeneralPaul J. LaCamera, who commands United States Forces Korea, these scams defrauded over 40,000…