Tags: error

Elizabeth Warren Opposes Blockchain Lobbying Efforts, Writes Letter to Association – What’s Going On?

CFA Renews Accusations Against Circle, Says CCTP May Be Funding Terrorism via Tron

US Lawmakers Introduce Bipartisan Anti-Crypto Terror Finance Bill in Senate

Senator Elizabeth Warren isn’t leading the charge on this bill linking crypto transactions to terrorism — it comes from Senators Mitt Romney, Mark Warner, Mike Rounds and Jack Reed.

Reports on crypto funding terrorism and blockchain forensics were confusing, but everyone agreed on the need for collaboration and regulation.

Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the upcoming House Financial Services Committee hearing.

The Campaign for Accountability wanted to let the anti-crypto senators know that the threat of terrorist financing with crypto was worse than they thought.

Elliptic, the firm which Wall Street Journal sourced the data from, said it was “pleased” to see the news outlet acknowledge its mistakes.

U.S. Senator Cynthia Lummis and Representative French Hill urged the Justice Department to take “swift action” against Binance and Tether over facilitating funds for Hamas.

The government department warned virtual asset service providers and other financial institutions to “identify and report suspicious transactions” related to terrorist groups.

The organization is a collective of Israeli Web3 community members and international companies striving to alleviate suffering in the south of Israel.

The Blockchain Association and Crypto Council for Innovation said the terrorist group Hamas had reportedly curtailed using Bitcoin as authorities could more easily track funds.

Chainalysis Highlights Flawed Analysis in Assessing Crypto‘s Role in Terror Financing

US Treasury Imposes Sanctions on Crypto Exchange Linked to Hamas Financing

The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now.

According to the U.S. Treasury, terrorist groups including Hamas, ISIS, and an al-Qaeda affiliate used the Buy Cash Money and Money Transfer Company to transfer funds.

Israeli Authorities Order to Seize Millions in Crypto Linked to Hamas

The stablecoin issuer freezes addresses containing $873,000 USDT linked to illicit activity in Israel and Ukraine.

Hamas Received $41 Million in Crypto in Lead Up to Attack on Israel