Lawmakers in the United States are urging the Department of Justice (DOJ) to investigate cryptocurrency exchanges Binance and Tether for their alleged involvement in illicit finance and possible funding of terrorism. Senator Cynthia Lummis and Congressman French Hill have written a letter to Attorney General Merrick Garland, calling for a thorough investigation into Binance and Tether's activities. The lawmakers are concerned that the crypto platforms may have provided material support to entities involved in terrorism. This comes after a recent report by the Wall Street Journal, which claimed that cryptocurrency funding of terrorism may be greatly overstated. However, Senator Elizabeth Warren's efforts to link cryptocurrency to terrorism financing are facing backlash.
NEW: : 🇺🇸 US Senator Cynthia Lummis calls on DoJ to charge Binance and Tether for allegedly facilitating Hamas funding 🧐 https://t.co/ObZMmVg32l
Senator Cynthia "laser eyes" Lummis urges criminal investigation of Tether and Binance https://t.co/p0ZgUHxVqL
We need crypto media. This week we found out the wall street journal lied by associating crypto with terrorism. They said $90m in crypto went to Hamas. Reality: it was $450k. Peanuts. This wasn't just a normal lie, this was a political lie. Elizabeth Warren used these… https://t.co/dIcatNohQz
A pro-crypto senator just sent a letter to the US attorney general to prosecute Binance & Tether, and cited Tethers previous enforcement actions against them. I’m sure legitimate institutionalized investors are tripping their over their shoelaces to buy more Tethers.
ICYMI: Lawmakers call on DOJ to consider charges against Binance, further investigate Tether over possible involvement in illicit finance https://t.co/F156GpFsMO
ICYMI: Sen. Sherrod Brown calls for crackdown on use of crypto to fund terrorism https://t.co/eXDmeEeBZs
Lawmakers urged the Department of Justice to look into Binance and Tether in light of reports that Hamas used the crypto firms, even if those reports were "likely not accurate." Read more: https://t.co/NgMW9Q0HSW
.@SenLummis is urging the US Department of Justice to prosecute @Binance and @Tether_to. "We’ve got to prevent Hamas, Hezbollah, and other terrorist organisations from using digital assets, using cryptocurrency as a means to finance their activities," she told the Senate Banking… https://t.co/kDcgbbCGfW
U.S. Lawmakers Lummis, Hill Urge DOJ Decision on Charging Binance, Tether for Aiding Hamas https://t.co/2OosqjOORt via @coindesk
Bitcoin Senator Urges ‘Swift Action’ Against Binance, Tether for Links to Terrorist Groups ► https://t.co/4tjnN512iT https://t.co/4tjnN512iT
A WSJ report into crypto funding of terror has created a groundswell in Congress to crack down on the industry, even though the data behind the claims is clearly wrong. No wonder crypto folk are sick of mainstream media coverage. Opinion @btschiller https://t.co/AUFxHjVQLT
Today in Congress, Elizabeth Warren's efforts to link cryptocurrency to terrorism financing in an attempt to build an "anti-crypto army" are backfiring significantly. https://t.co/Yv45M7B7y0
.@SenLummis and @RepfrenchHill are urging @TheJusticeDept to "expeditiously conclude" investigations and reach a decision on criminal charges for @Binance and @Tether_to concerning possible aid to Hamas. https://t.co/VepmX0cJii https://t.co/ghazXsZt4q
JUST IN: Cynthia Lummis and French Hill asked AG Merrick Garland to investigate ties that Binance and Tether have in funding terrorism
NEWS: Cynthia Lummis and French Hill asked AG Merrick Garland to investigate ties that Binance and Tether have in funding terrorism https://t.co/iI6ZVBPLDq
Two U.S. elected officials wrote to the Department of Justice, calling for a concluded investigation on Binance and Tether that could lead to litigation against the pair of crypto heavyweights https://t.co/LMdr0xiUvc
In a letter to Attorney General Merrick Garland, lawmakers, @SenLummis and @RepFrenchHill, urged @TheJusticeDept to decide on charging @Binance and @Tether_to in light of reports they may have aided terror financing of Hamas. By @amitoj https://t.co/Du1m42ZkXi
Lawmakers Ask DOJ to Investigate Binance and Tether’s Activities https://t.co/Gq7lbsNFt5
JUST IN: 🇺🇸 Senator Cynthia Lummis has written a letter to the Department of Justice, urging them to conduct a thorough investigation into Binance and Tether for possibly "providing material support" to entities involved in terrorism 👀🤔 https://t.co/H8CyCL1A7F
JUST IN: 🇺🇸 US Senator Cynthia Lummis asks the Department of Justice to criminally charge #Binance & Tether. https://t.co/zOcjSxknbY
Republican senator Cynthia Lummis (Wyoming and purportedly pro Bitcoin) and congressman French Hill (Arkansas) are proposing to the justice department to go investigate Binance and Tether because of possible TERRORIST ENABLEMENT TO HAMAS. The new anti crypto narrative dropped… https://t.co/D2OJcBSoKC
Republican senator Cynthia Lummis (Wyoming and purportedly pro Bitcoin) and congressman French Hill (Arkansas) are proposing to the justice department to go investigate Binance and Tether because of possible TERRORIST ENABLEMENT TO HAMAS. The new anti crypto narrative dropped… https://t.co/8RKgjMxZYB
Ohio’s @SenSherrodBrown, chair of @SenateBanking, says the committee will “examine multiple terrorist funding streams, including cryptocurrency,” despite reports showing crypto financing of terrorism may be greatly overstated. By @jesseahamilton @amitoj https://t.co/AMmc3QErKY
Interesting letter here. We know that Binance has been under investigation by DOJ for quite some time and the results of that investigation are TBD. Tether has been through the ringer with DOJ even more than Binance. Tether has frozen 1,490 addresses. So when DOJ wants an… https://t.co/CXinVx1CUq https://t.co/2sgRAvo5yh
Lawmakers call on DOJ to consider charges against Binance, further investigate Tether over possible involvement in illicit finance https://t.co/Jkjvx2yrfB
This morning, the Senate Banking Committee convened to discuss risks surrounding digital currency and how it could play a role in terrorism around the globe, especially in light of the Israel-Hamas conflict. @SenLummis sheds light on the issue: https://t.co/z0a00sYKI0
JUST IN: 🇺🇸 Senator Hagerty criticizes the WSJ for significantly overestimating the amount of cryptocurrency funding received by Hamas, with discrepancies of up to 99% 👀 https://t.co/Keds6Ft8f9
Sen. Sherrod Brown calls for crackdown on use of crypto to fund terrorism https://t.co/9mtyYGufcG
LIVE: Senate Banking Committee holds a hearing on illicit finance and terrorism https://t.co/9ENfIAcNVE
ICYMI: Senator Elizabeth Warren finds support in US House for effort to tackle crypto-financed terrorism https://t.co/y5t0Fysb5R