Crypto Terrorism: Binance, Tether Under Lawmakers’ Lens

crypto terrorism

Lawmakers Push DOJ to Determine Binance and Tether’s Connection to Crypto-Funded Terrorism Related to Hamas and Israel Conflict

U.S. Senator Cynthia Lummis and Representative French Hill have sent a letter to Attorney General Merrick Garland, urging the U.S. Department of Justice (DOJ) to expedite its investigations into Binance and Tether. The letter emphasizes the urgency of the matter, particularly in relation to the potential involvement of these entities in crypto-funded terrorism linked to the ongoing conflict between Hamas and Israel.

The DOJ is currently evaluating potential criminal charges against Binance and Tether. The lawmakers believe that a swift resolution is crucial for national security and the prevention of further illicit activities funded through cryptocurrencies. Concerns have been raised about the possible role of these entities in facilitating the financing of terrorism.

By highlighting the connection between Binance and Tether and their potential involvement in the Israel-Hamas conflict, Senator Lummis and Representative Hill aim to draw attention to the gravity of the situation. They hope that by pressing the DOJ to conclude its investigations promptly, any links between crypto funds, terrorism, and the ongoing conflict can be determined and addressed effectively.

The urgency of the matter is further underscored by the fact that cryptocurrencies provide a convenient and relatively anonymous means of transferring funds. This makes it crucial to identify and address any potential misuse that may be funding illegal activities and posing a threat to national security.