Adam Schiff: “I thank my colleague for yielding, and I rise in support of the amendment offered by the Representatives from New York…”

“I thank my colleague for yielding, and I rise in support of the amendment offered by the Representatives from New York, Rice and King. This amendment requires that the Director of National Intelligence, with the Department of the Treasury, submit to Congress a report on the possible exploitation of virtual currencies by terrorist actors, including state sponsors of terrorism. It has long been said that if you wish to uncover the truth about malign activity, then follow the money. This remains true with the development and use of virtual currencies. The IC must always remain one step ahead of our adversaries, and this amendment will help ensure that they continue to do just that.”