X Provide Community Notes For Senator Elizabeth Warren's Tweet About The Use Of Crypto In Financial Crimes

Senator Elizabeth Warren said the use of cryptocurrencies in financial crimes is getting stronger. (photo: x @SenWarren)

JAKARTA - Social media platform X, formerly known as Twitter, has added notes to provide context on a tweet from Senator Elizabeth Warren regarding the use of cryptocurrencies in financial crimes.

Following a post by Senator Warren on January 21 citing a United States Government Accountability Office report in which the senator stated "nuendy countries use crypto to avoid sanctions," contributor X added Community Records.

A new @USGAO report confirms that rogue nations are using crypto to dodge sanctions and undermine our national security.It’s time for crypto to follow the same anti-money laundering rules as everyone else. I’ve got a bill to make it happen. https://t.co/TUX2sJ8HR0

— Elizabeth Warren (@SenWarren) January 21, 2024

A new @USGAO report confirms that rogue nations are using crypto to dodge sanctions and undermine our national security.It’s time for crypto to follow the same anti-money laundering rules as everyone else. I’ve got a bill to make it happen. https://t.co/TUX2sJ8HR0

According to the note included in "the context they think that people may be curious about," the US Treasury Department report from February 2022 stated, "Fiat is the currency of choice for financial crime."

The opposition that has arisen against Senator Warren's claims on social media platforms is a rare occurrence amid the large number of anti-crypto posts during his tenure. Both in X and at congressional hearings, the Massachusetts senator often said that digital assets were massively used for unlawful purposes.

According to the Help Center X, Community Records can be seen publicly by all users in the US and aim to "add contexts on posts that may be misleading." This feature was developed on Twitter before Elon Musk bought the company, but he also promoted the program as part of an attempt to counter disinformation on social media.

Since Musk's takeover of Twitter in October 2022, he has used his account to post antisemitic messages and is sometimes misleading. The Media Matters supervisory group released a report in November 2023 showing that X ads for large companies can appear simultaneously with pro-Nazi content under certain search conditions.

Ethereum founder Vitalik Buterin praised the Community Records program, calling it an example of "crypto values." In August 2023, contributor X used this tool to correct claims that Friends.tech had leaked more than 100,000 of its users' personal information.