{"id":24062,"date":"2023-10-24T22:55:59","date_gmt":"2023-10-24T22:55:59","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/elizabeth-warren-uses-hamas-as-her-newest-scapegoat-in-war-on-crypto\/"},"modified":"2023-10-24T22:56:01","modified_gmt":"2023-10-24T22:56:01","slug":"elizabeth-warren-uses-hamas-as-her-newest-scapegoat-in-war-on-crypto","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/elizabeth-warren-uses-hamas-as-her-newest-scapegoat-in-war-on-crypto\/","title":{"rendered":"Elizabeth Warren uses Hamas as her newest scapegoat in war on crypto"},"content":{"rendered":"
<\/p>\n
Massachusetts Sen. Elizabeth Warren is at it again. With mainstream press outlets including Germany\u2019s Deutsche Welle running sensationalist headlines \u2014 \u201cHow cryptocurrency fueled Hamas\u2019 terrorist attack\u201d \u2014 Warren is using Hamas\u2019 attack on Israel to fuel her own war on cryptocurrency.<\/p>\n
Crypto\u2019s role in the conflict came into focus on Oct. 10, when Israeli police froze crypto accounts used for donations to Hamas. It was not the first time. In 2021, Israel\u2019s Terror Financing of Israel (NBCTF) seized crypto wallets linked to a Hamas fundraising campaign. <\/p>\n
While Binance worked \u201cclosely with international counter-terrorism authorities” on the seizures, Warren led a group of more than 100 U.S. lawmakers in sending the Biden administration a letter letter asking it to crack down on Hamas and its affiliates\u2019 cryptocurrency wallets \u2014 despite the organization\u2019s relative struggle to raise crypto as part of its fundraising efforts. <\/p>\n
\u201cCongress and this administration must take strong action to thoroughly address crypto illicit finance risks before it can be used to finance another tragedy,\u201d the letter said.<\/p>\n
\nHamas raised millions via crypto in the months leading up to their attack on Israel. @RogerMarshallMD<\/a>, @RepCasten<\/a> and I are leading 100+ lawmakers urging the Biden admin to address crypto-financed terrorism.https:\/\/t.co\/JksREJ3Dgs<\/p>\n
\u2014 Elizabeth Warren (@SenWarren) October 18, 2023<\/a><\/p><\/blockquote>\n
The lawmakers requested that the Biden administration also provide estimates on the value of crypto assets that remain in Hamas-controlled wallets, how much of Hamas\u2019 operations are funded through crypto, and any information it has on the actors facilitating the sending of crypto to and from Hamas and other militant groups.<\/p>\n
The U.S. Treasury Department sanctioned Gaza-based crypto broker \u201cBuy Cash Money and Money Transfer Company (Buy Cash)\u201d on Oct. 18, revealing it had been used for a whopping $2,000 Bitcoin transaction \u2014 a paltry sum compared to the hundreds of millions of dollars used to fund Hamas. One sanctioned wallet had $16 in it.<\/p>\n
\nThe treasury department has sanctioned a Hamas-linked wallet as Politico reports that “Crypto\u2019s role in financing Hamas\u2019 activity has emerged as a hot issue for lawmakers”<\/p>\n
The sanctioned wallet has $16 in it and made its last transfer 18 months ago pic.twitter.com\/IbsGfyZ3zl<\/a><\/p>\n