US Treasury Seeks More Sanctions Powers Against Crypto Exchanges
- Treasury’s Adeyemo submits testimony before a Senate hearing
- He says Hamas, Palestinian Islamic Jihad got crypto from Iran
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The US Treasury Department is asking politicians for more enforcement powers to use against foreign providers of crypto services, part of a goal of protecting national security.
“Our problem is that actors are increasingly finding ways to hide their identities and move resources using virtual currency,” Deputy Secretary Adewale O. Adeyemo said in written testimony ahead of a Senate hearing due on Tuesday.