A bipartisan group of over 100 lawmakers is pressuring the Biden administration to address the growing use of cryptocurrencies to finance terrorist activity. This comes after recent reports found the Palestinian militant group Hamas received tens of millions in crypto donations in recent years.
The legislators, led by Senators Elizabeth Warren (D-MA) and Roger Marshall (R-KS), sent a letter to top administration officials expressing alarm over cryptocurrency’s enabling of terrorism financing. They cited a Wall Street Journal report that Hamas garnered approximately $41 million in crypto funds over the past two years, while another group, Palestinian Islamic Jihad, amassed up to $93 million.
Keypoints
- A bipartisan group of over 100 lawmakers, led by Senators Elizabeth Warren and Roger Marshall, are demanding answers from the Biden administration about cryptocurrency’s role in financing recent Hamas attacks on Israel.
- A recent report…
