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Six US Government Agencies Hire Investigative Blockchain Firm Chainalysis

Published 3 years ago by Matthew De Silva

Six US Government Agencies Hire Investigative Blockchain Firm Chainalysis via

ETHNews has uncovered a nearly $1 million web of partnerships between Chainalysis and the US Government. Federal entities that have hired the investigative blockchain firm include the FBI, IRS, SEC, DEA, ICE, and the Bureau of the Fiscal Service. But catching criminals pays pretty damn well, at least for Chainalysis, a company that has amassed a small fortune through government contracting and providing services and identification tools to financial institutions interested in cryptocurrency. Over the last three years, through its with major government agencies and departments, Chainalysis has quietly collected nearly $1 million. Through a careful search of the US General Services Administration’s Federal Procurement Data System, ETHNews discovered that Chainalysis provides its services to an assortment of US government entities, including the Federal Bureau of Investigation (FBI), Securities and Exchange Commission (SEC), Internal Revenue Service (IRS), Drug Enforcement Administration (DEA), Immigration and Customs Enforcement (ICE), and the Treasury Department’s Bureau of the Fiscal Service. Despite the SEC’s radio silence about other tokens that qualify as securities, the agency might be preparing a full slate of enforcement actions related to securities fraud, pump-and-dumps, and Ponzi schemes. ICE, a law enforcement agency in the Department of Homeland Security, is probably focused on how cryptocurrency could impact the domestic economy or how virtual currencies are used for remittances. ETHNews reached out to Chainalysis for details about its relationships with the government agencies, but its representatives have yet to respond. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

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