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David McCormick: “Blockchain has very limited and crypto very limited illicit…”

Featuring: David McCormick, Republican | U.S. Senate, Pennsylvania

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David McCormick on Trump Tariffs, Crypto, US Senate Bid

Published | Video Starts at 01:25

… it's some of the new developments around AI this is one such wave that we need to embrace. And the national security implications of this are clear, which is that Blockchain has very limited and crypto very limited illicit activity, something like 0.345% of the transactions. but it gives a roadmap for national security officials and prosecutors to zero in on illicit activity. So the national security and legal experts I talk to think that that it offers a real source of eliminating, not increasing, illicit activity. (01:25–01:34)

CLAIM

Asserts that only 0.345% of crypto transactions are illicit.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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