Senator Elizabeth Warren (D-MA) led a letter to the White House, urging the Biden Administration to crack down on crypto use by terrorists. A total of 28 Senators and 76 Representatives signed on – only 2 were Republicans.
FinCEN is proposing to require financial institutions to record and report details of transactions they “know, suspect, or have reason to suspect involve the use of [cryptocurrency] mixing.”
Treasury sanctioned ten individuals and entities linked to financing Hamas, including a crypto exchange and its owner who are based in Gaza
