One of the U.S. Senate's top crypto critics, Elizabeth Warren, says the cryptocurrency support of Hamas offers more evidence to back her effort against crypto illegality.
The revelations that the terrorist group behind last week’s attack on villages in southern Israel that left more than 1,200 Israelis dead wasmay lend additional weight to an effort from Sen. Elizabeth Warren and others to push for a law targeting money laundering and sanctions abuses in crypto.
"It’s alarming and should be a wakeup call for lawmakers and regulators that digital wallets connected to Hamas received millions of dollars in cryptocurrencies," Warrenon X, the site formerly known as Twitter. She argued it's time to make sure law enforcement agencies have the right powers to"crack down on crypto-financed crimes."