The US intends to study the role of crypto in the drug and sex industry

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US House of Representatives passed a bill on research role of crypto in the sex industry and drug trafficking, according to the statement of Congressman Juan Vargas.

According to the text of the bill, the GAO will explore “how virtual currencies and online marketplaces are used to facilitate sex or drug trafficking and propose regulatory and legislative actions to put an end to these illicit activities.”

According to its author, a member of the Financial Services Committee at the US House of Representatives, Juan Vargas, the House of Representatives approved the bill unanimously. Now the word is for the US Senate and for President Donald Trump.

“This bill is an important first step in helping Congress understand the full extent of how virtual currencies are being used to facilitate drug and sex trafficking and will help us propose effective legislative solutions to fight these crimes. I hope to see the same level of support for this legislation in the Senate,” Vargas said.

Earlier, Congressman Juan Vargas suggested using blockchain technology to combat the use of cryptocurrency when buying sexual services and drugs.

Special agents of the US National Security Ministry, in cooperation with the secret service and UBN, seized about 2,000 bitcoins and other cryptocurrencies worth $22 million from vendors of the darknet.