Crypto was developed by the developers for the convenience of the people and to enter the new era of digital money or digital currency. But along with benefits, it also created some problems for law and enforcement agencies that are facing issues. It raised questions on the agency's performance.
A U.S Senator Mitt Romney raised a question that:
“I’m not in the Banking Committee. I don’t begin to understand how cryptocurrency works. I would think it is more difficult to carry out your work when we can’t follow the money because the money is hidden from us and wonder whether there should not be some kind of effort taken in our nation to deal with cryptocurrency.”
In reply to that FBI Official Said
“For us, cryptocurrency is already a significant issue and we can project out pretty easily that it’s going to become a bigger and bigger one. Whether or not that is the subject of some kind of regulation as the response is harder for me to speak to.”