Lawmakers Scrutinize Cryptocurrency's Role in Financing Hamas Attacks on Israel

Hamas recently received financing through cryptocurrencies, bringing scrutiny to the crypto industry.

Senate Banking Chair Sherrod Brown plans to examine crypto's role in the Israel attacks.

Elizabeth Warren is pushing a bipartisan bill to impose anti-money laundering rules on crypto, which the industry has tried to stop.

Crypto is seen as useful for financial crimes due to pseudo-anonymity, but it also provides transaction transparency.

The crypto industry is pushing back, but lawmakers are increasingly concerned about crypto's role in financial crimes.