Warren claims crypto funds terrorism, but data shows limited illicit use
-
Senator Elizabeth Warren claimed terrorists raised $130 million in crypto to fund attacks, but data shows only $450,000 raised.
-
Hamas announced halting bitcoin fundraising due to traceability concerns, illicit crypto transactions are still rare.
-
Proposed regulations from FinCEN could stifle innovation and infringe on rights by targeting all crypto users.
-
Senator Lummis pressed DOJ to investigate Binance and Tether, but says bad actors are the enemy, not the tech.
-
Rules may punish industry domestically but have limited impact on peer-to-peer transactions that are hard to stop.