[CLARITY Act Hearing Live: Iran is Using Cryptocurrency to Procure War Tools, with Most Funds Flowing into Stablecoins] Odaily Planet Daily News – Democratic Senator Jack Reed stated during the CLARITY Act hearing that Iran is using cryptocurrency to procure sensitive goods, with the drones they purchase wreaking havoc in the Persian Gulf. Moreover, most of these funds have been converted into stablecoins. If we truly support our troops, we should cut off their (Iran's) funding sources.