🌋 U.S. Lawmakers Urge White House to Address Crypto in Terrorism
posted 16 Nov 2023
A bipartisan group of U.S. lawmakers has called on President Joe Biden and Treasury Secretary Janet Yellen to assess
the use of cryptocurrency by the terrorist group HAMAS, including the
volume of confiscated or blocked assets.
The lawmakers' letter also points to HAMAS's dealings with a U.S.-sanctioned Russian exchange, Binance, and Buy Cash in Gaza.
Both Republicans and Democrats express concerns about the role of
cryptocurrency in terrorist activities and question the potential
involvement of Binance and Tether in supporting terrorism. The lawmakers
have set a deadline for a response by November 29.
It's worth noting that the figures mentioned in their letter are based
on incorrect information from a WSJ article. Lawmakers claim digital
wallets associated with HAMAS and the Palestinian Islamic Jihad received
approximately $41 million and $93 million, respectively. We've covered
this case in detail here and here.
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