Posted 12/8/2023, 5:16:33 PM
Senators Propose Expanded Sanctions on Crypto and Fiat Funders of Terror Groups
- Senators introduce bill allowing US Treasury to sanction parties funding terrorists with crypto or fiat
- Comes after Hamas Oct 7 attack; bill would expand sanctions to all terrorist groups including Hamas
- Allows Treasury to prohibit transactions with "foreign digital asset transaction facilitators"
- Follows letter signed by 100+ lawmakers in Oct about curtailing illicit crypto activity funding terrorists
- Questions over evidence for crypto funding terrorists, but lawmakers fear and doubt driving proposed regulations