"Bragg targeted the blockchain currency in his presentation, raising grave concerns over its role in facilitating illicit payments for other types of crime in the city. I don't wanna alarm anyone, but we need systemic accountability on steroids here. In fact, I actually want you to be a little scared, Bragg said to the audience. The overarching theme of Bragg's talk was that his office is taking a systemic approach to prosecution that goes beyond holding individual bad actors accountable."
"Lack of regulation of crypto financial markets leads to billions of dollars of crypto pouring into a manifold of criminal enterprises, he said. In 2024, around $51 billion in crypto transferred to known criminal addresses or people affiliated with criminal actions, according to Chainalysis a blockchain analysis firm It's the infrastructure that allows the other crime to happen. So getting our arms around this is key for systemic accountability, Bragg said."
Manhattan District Attorney Alvin Bragg has three second-term enforcement priorities: guns, shoplifting, and cryptocurrency-related crime. The approach emphasizes systemic accountability rather than solely prosecuting individual actors. For guns, focus includes disrupting the iron pipeline for illegal gun movement and criminalizing manufacture of 3D-printed ghost guns. For shoplifting, enforcement targets fencing operations that resell stolen merchandise to consumers. For cryptocurrency, enforcement seeks to address lax regulation that allows large crypto flows into criminal enterprises; Chainalysis data cited about $51 billion in 2024 reached criminal-linked addresses, underscoring crypto's role in money laundering and illicit payments.
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