A top official in the Treasury Department's Terrorism and Financial Intelligence Office has countered Senator Elizabeth Warren's claims, stating that cryptocurrency is not a major tool for funding terrorism in the Middle East, and emphasized that terrorists prefer traditional financing methods. This comes as Elizabeth Warren's bill, criticized by a US lawmaker for being ineffective in stopping terrorist financing in crypto, faces scrutiny. Experts in Congress have argued that the ties between cryptocurrency and terrorism are overstated, yet they acknowledge the need for regulation. Additionally, it was revealed to the US Congress that crypto money laundering might be more extensive than previously estimated. The ongoing debate over cryptocurrency's role in illegal financing continues as Senator Warren, known for her anti-crypto stance, faces potential electoral challenges from a crypto advocate.
This is how Senator Elizabeth Warren has misled the U.S. Congress in her effort to end #crypto in America https://t.co/IhgMTmil6N
Senator Elizabeth Warren may face challenge by crypto advocate in November election https://t.co/78D47TXrfo
Wait that Elizabeth Warren signed thing about satoshi wasn’t fake?!
Nice scoop by @EleanorTerrett —Treasury deals blow to Elizabeth Warren’s anti-crypto crusade | Fox Business https://t.co/tqnZrE25uu
US Treasury Deals Blow To Elizabeth Warren’s Anti-Crypto Crusade - FBN https://t.co/9ekYzzbxC6
🚨NEW from me: Treasury deals blow to Elizabeth Warren’s anti-crypto crusade A top official in the Treasury Department’s Terrorism and Financial Intelligence Office debunked @SenWarren’s past claims that cryptocurrency is chiefly responsible for funding Middle East terrorist…
Treasury deals blow to Elizabeth Warren’s anti-crypto crusade https://t.co/xxCK3xSW0N
Crypto money laundering is bigger than estimated, US Congress told https://t.co/haSWPMRnQS
Crypto Ties To Terrorism ‘Overstated’ But Regulation Is Needed, Experts Tell Congress ► https://t.co/ye3Q5fZtMM https://t.co/ye3Q5fZtMM
"Elizabeth Warren honors Bitcoin creator Satoshi Nakamoto" https://t.co/abAPExI4Mc
Treasury Official Confirms #Crypto Isn't a Popular Tool for Terrorists — Says They 'Prefer Traditional Products' https://t.co/y2deuEuXM9
No, Elizabeth Warren Didn't Just Endorse Bitcoin Despite Viral Story https://t.co/WffkG7YiSm https://t.co/TngVvDbDWN
📣 Latest News: Elizabeth Warren's bill ‘wouldn't do anything' to stop terrorist financing in crypto — US lawmaker #news #cryptonews #crypto