U.S. Sen. Warren Leads Lawmakers to Push Administration on Crypto-Backed Terrorism

The bipartisan group of lawmakers from both the Senate and the House of Representatives signed a letter dated on Tuesday to National Security Advisor Jake Sullivan and Brian Nelson, undersecretary for terrorism and financial Intelligence at the Department of the Treasury. They cited reports that crypto funds had supported Hamas in the months before its attack on Israel, with the group directly soliciting bitcoin donations.

“Given the clear and present danger posed by the financing of these and other militant organizations, we ask the Administration to provide additional details on its plan to prevent the use of crypto for the financing of terrorism,” they requested in the letter."Congress and this Administration must take strong action to thoroughly address crypto illicit finance risks before it can be used to finance another tragedy.

The letter effort was also led by Sen. Roger Marshall and Rep. Sean Casten . The signers included Sen. Sherrod Brown , the chairman of the Senate Banking Committee. Warren has been advocating for her legislation meant to target money laundering and sanctions abuses in crypto, which is co-sponsored by Marshall. The bill, which crypto lobbyists have argued would pose significant threats to the industry in the U.S., hasn't yet found any traction at the committee level so remains a long shot for this year.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sen. Ernst to Newsmax: Biden Leads By Weakness, Not StrengthThe foundation of Ronald Reagan's foreign policy was 'peace through strength,' and Donald Trump tried to embody that strategy during his four years as president.
Source: NEWSMAX - 🏆 16. / 71 Read more »

Sen. Elizabeth Warren joins more than 100 lawmakers to ask Biden about plans to prevent crypto-financed terrorismSen. Elizabeth Warren, along with others, say they are concerned about how Hamas raised millions of dollars through cryptocurrency.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Latest defense fund for Sen. Bob Menendez reports $274,500 in donationsSupporters of Sen. Bob Menendez gave $274,500 to the New Jersey Democrat’s new legal defense fund through the end of September, a report filed wi...
Source: AllSidesNow - 🏆 572. / 51 Read more »

NJ Sen. Bob Menendez facing new charges of acting as foreign agentA court hearing in the case against New Jersey Senator Bob Menendez was scheduled in Lower Manhattan on Wednesday but has since been rescheduled.
Source: 6abc - 🏆 250. / 63 Read more »

Sen. Rick Scott to Newsmax: US Must 'Hold Iran Accountable'Republican Sen. Rick Scott told Newsmax that the United States needs to 'hold Iran accountable' for funding Hamas and Hezbollah, two terrorist groups attacking Israel.
Source: NEWSMAX - 🏆 16. / 71 Read more »

Sen. John Kennedy says US enemies see Biden as 'a bit of a weenie' on defenseAsher Notheis is a social media producer at the Washington Examiner, where he was previously a breaking news reporter. A Liberty University graduate who has spent most of his life in Virginia, Asher started writing articles for his college newspaper before writing stories for the College Fix.
Source: dcexaminer - 🏆 6. / 94 Read more »