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Transcripts for CNN Cuomo Prime Time 20210604 05:36:00

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when you're trying to do a large wire transfer to someone else in the traditional banking system, when it's over $10,000, the bank will perform something called kyc. know your customer checks on who you are, the source of funds and who it's going to. we need the financial institutions in the crypto space to do those same checks on their customers. crypto exchangers and others that are playing a role in the transfer and conversion of the funds, the cryptocurrency funds into what's called fiat currency, dollars, rubles, whatever it may be so we can finally start tracing those payments and exposing the bad guys. >> well, one thing is for sure. this does not have the energy in washington, d.c. that let's say going after the big social media providers does. so we're going to go to some of those same lawmakers and say what about this and see if there could be some energy in terms of giving it some attention to come up with a plan. dimitri, thank you very much. we'll have you back and track the progress on this. >> thank you.

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