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Democratic Senator: Iran Procures Drones Using Crypto, Converts Funds to Stablecoins During CLARITY Act Hearing

GateNews

Geopolitics Regulation & Policy Enforcement Actions

2026-05-14 16:01:05

ACT4.03%

ON-9.62%

MAY-1.7%

IN1.35%

According to Odaily, Democratic Senator Jack Reed stated during the CLARITY Act hearing on May 14 that Iran is using cryptocurrency to procure sensitive military equipment, including drones operating in the Persian Gulf. Reed noted that most of these funds are being converted to stablecoins.

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