representatives of three
federal agencies to testify before the committee this week. Jennifer Shasky Calvery represented the
Financial Crimes Enforcement Network, which enforces the nation's laws against money laundering ... Reserve, two virtual currencies that the government alleged had become vast money-laundering
operations. Calvery also testified before the Senate Banking committee on Tuesday.
"Virtual currencies have yet to overtake ... more traditional methods to move funds internationally" for
"criminal purposes," Calvery said. She pointed out that the Bitcoin network has processed only about
$8 billion worth of transactions over