Menendez Hints At US Action on Venezuela's Controversial Crypto154.89

Late last month, Senators Bob Menendez and Marco Rubio co-wrote a letter blasting the "Petro" and asking the Treasury Department to monitor its progress, as well as offer insight into how the department might work against the token's use to flout U.S. sanctions. In light of this week's controversial launch of the oil-backed cryptocurrency, CoinDesk contacted the offices of Menendez and Rubio for comment on whether they plan to undertake additional measures in light of unproven claims of a $735 million first-day pre-sale haul. A spokesperson for Senator Menendez, in an email to CoinDesk, highlighted guidance issued by the U.S. Treasury Department published on Jan. 19 in light of the cryptocurrency launch. "We continue to look for ways to prevent the Maduro regime from brazenly evading US sanctions and plan to follow up with the Department of Treasury following their issuing of these guidelines," the spokesperson said.
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