- Senator Warren recently tweeted that rogue nations use crypto to dodge sanctions. A Community Note on X platform offered a rebuttal, citing a Treasury report that fiat is preferred for financial crimes.
- The rebuttal is rare – Senator Warren has frequently suggested digital assets are used overwhelmingly for illicit activity.
- X’s Community Notes aim to add context to misleading posts, though X has faced criticism over hate speech and misinformation since Musk took over. Some crypto supporters praise the feature.
A recent Community Note on social media platform X, formerly Twitter, provided context to a tweet from Senator Elizabeth Warren regarding cryptocurrency use in financial crimes.
Senator Warren’s Tweet
On January 21st, Senator Warren posted a tweet citing a US Government Accountability Office report. In the tweet, the Senator claimed that rogue nations are using cryptocurrencies to dodge sanctions.
Community Note Adds Context
In response, contributors on X posted a Community Note that offered additional context. The Community Note stated that a US Treasury report from February 2022 said “Fiat is the preferred currency for financial crimes.” This seemed to contradict Senator Warren’s claims about crypto being used mainly for illegal activity.
Rare Rebuttal to Senator’s Crypto Claims
The Community Note rebuttal is rare, as Senator Warren has frequently suggested digital assets are overwhelmingly used for illicit purposes, both on X and at Congressional hearings.
Community Notes Explained
According to X’s Help Center, Community Notes aims to add context to potentially misleading social media posts. The feature was developed under previous ownership but has been promoted by current owner Elon Musk as a way to combat disinformation.
Concerns Around X’s Content Moderation
However, X has faced criticism over hate speech and misinformation since Musk took over. A November report showed ads could appear alongside pro-Nazi content under some searches.
Support for Community Notes Feature
Still, some in the crypto community have praised the Community Notes tool. Ethereum co-founder Vitalik Buterin called it an embodiment of crypto values. In August, X contributors used Notes to correct false claims about a data breach affecting 100,000 users.
