U.S. lawmakers, including Senators Cynthia Lummis and Katie Hill, are urging the Department of Justice (DOJ) to consider criminal charges against cryptocurrency firms Binance and Tether for allegedly aiding terrorist group Hamas. Despite reports suggesting the claims may not be accurate, lawmakers are calling for a crackdown on the use of crypto to fund terrorism. The U.S. government has also stated that some digital asset firms are not doing enough to prevent illicit finance. Tether, in particular, has been linked to various investigations involving illicit finance, including ties to Hamas, drug dealers, North Korea, and sanctioned Russians.
This Week in Crypto Policy: + House and Senate hearings discussing crypto's role in funding sources for terrorists + The election of Rep. Mike Johnson as Speaker + Senators Thom Tillis and John Hickenlooper's new bill regarding accounting for crypto exchanges https://t.co/5bIGspQgkM
Two U.S. lawmakers have asked the U.S. Department of Justice (DOJ) to consider criminal charges against #Binance and #Tether. https://t.co/7JI330rII1
Make no mistake: the U.S. is trying to kill crypto https://t.co/nzrM1K0CRn
Cracking down on cryptocurrency won’t stop terrorist organizations. https://t.co/2aH98ydrx7 #CatoEcon https://t.co/VRI3eG2zES
ICYMI: US says some crypto firms are neglecting to stop illicit finance flows https://t.co/96xaOWup2s
NEWS: Treasury’s Wally Adeyemo warned crypto firms that “if they do not act to prevent illicit financial flows,” the US will https://t.co/li69BaZcq7
Money laundering: how cryptocurrency companies in Estonia conceal fraudulent activities https://t.co/HGRUOTQQg3 https://t.co/yRgbybs53J
Bitfinex/Tether shareholder increasingly getting desperate. https://t.co/yESfqY7jtB
Tether keeps showing up in investigations tied to illicit finance. In the past year, the world's most popular cryptocurrency appears to have been used for Hamas, drug dealers, North Korea and sanctioned Russians. https://t.co/z9Nt0quSWA
I see @maxkeiser becoming increasingly unhinged. Seems like a projection of his worries about his precious Tether.
Senator Cynthia "laser eyes" Lummis urges criminal investigation of Tether and Binance https://t.co/p0ZgUHxVqL
US Deputy Treasury Secretary Warns About Illegal Financial Flows https://t.co/Hys2CVL8SV
US says some crypto firms are neglecting to stop illicit finance flows https://t.co/ZrGh0dfP90
US says some digital asset firms not doing enough to stop illicit finance https://t.co/CCqsvEbczu https://t.co/mUuMXACADI
The United States on Friday said some firms in the digital asset space were not doing enough to stop the flow of illicit finance. #UnitedStates | #Finances |#Terrorism https://t.co/qBfyyTGIUi
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
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