I get that you'd need evidence, but wouldn't crypto be the perfect space for dark money? I believe there has been quite a bit of talk about the US's own intelligence investment in the crypto space. Almost everyone I've encountered that worked in US intelligence likes to operate unregulated more or less so that they can use their position to make money. Sure, there might be some laws against it but it happens very frequently. I witnessed it firsthand when working in government seeing the decision-makers getting kickbacks or eventually leaving to go work at the same vendor in a high-level position after approving a $20 million purchase for crap software.

> I get that you'd need evidence, but wouldn't crypto be the perfect space for dark money?

It should/could/is. However, there are two things you need to understand:

1. Crypto is mostly a young people game. Who happens to be quite broke. The people who have money where I'm from, are not comfortable with crypto. They'd rather deal cash, real estate, gold or valuable objects.

2. You can't launder money with crypto. You can only launder money with something that has an off-ramp. For now, crypto acceptance is very limited. The number of places, stores and businesses that accept crypto is quite minuscule that you almost always need an off-ramp into the traditional financial system. And that's where the laundering will happen, and is happening.

The spins people try to make crypto seem useful never cease to amaze.

Even if we assume 100% of Binance and Tether are money laundering - it would be a fraction of the traditional money laundering industry already