Lawmakers Press Biden on Plans to Prevent Use of Crypto in the ‘Financing of Terrorism’
- Senators Elizabeth Warren and Roger Marshall led the letter
- Group urges curtailment of activity for national security
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Dozens of members of Congress representing Democrats and Republicans pressed President Joe Biden’s administration for details on how it plans to prevent militant groups from using crypto in “terrorism” financing.
In an Oct. 17 letter, led by senators Elizabeth Warren and Roger Marshall, along with representative Sean Casten, to the US Treasury Department and the National Security Council, the lawmakers noted that militant Islamist groups Hamas and Palestinian Islamic Jihad (PIJ) raised millions of dollars in crypto in the months leading up to Hamas’ attack on Israel.