{"id":183252,"date":"2023-10-29T19:15:27","date_gmt":"2023-10-29T13:45:27","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=183252"},"modified":"2023-10-29T19:15:27","modified_gmt":"2023-10-29T13:45:27","slug":"bitcoin-senator-urges-swift-action-against-binance-tether-for-links-to-terrorist-groups-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-senator-urges-swift-action-against-binance-tether-for-links-to-terrorist-groups-crypto-news\/","title":{"rendered":"Bitcoin Senator Urges \u2018Swift Action\u2019 Against Binance, Tether for Links to Terrorist Groups – Crypto News"},"content":{"rendered":"
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U.S. lawmakers today urged the Department of Justice to press ahead with an investigation into Binance and Tether to see if the crypto giants have helped facilitate funding to Hamas.\u00a0<\/p>\n

In a letter, Sen. Cynthia Lummis (R-WY) and Rep. French Hill (R-AR) asked<\/a> on Thursday that the DOJ \u201creach a charging decision on Binance that reflects their level of culpability and expeditiously conclude your investigations into the ongoing illicit activities involving Tether.\u201d<\/p>\n

The letter comes after the Wall Street Journal <\/i>reported<\/a> that Hamas used Binance accounts and the Tether stablecoin to finance its attack on Israel earlier this month. Blockchain data firm Elliptic has since said<\/a> that the WSJ\u2019s reporting was inaccurate.\u00a0\u00a0<\/p>\n

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Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/div>\n

But Sen. Lummis and Rep. Hill said in their letter that while the funding in the article \u201cis likely not accurate,\u201d the DOJ should \u201chold bad actors accountable if they are shown to facilitate illicit activity.\u201d\u00a0<\/p>\n

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When it comes to illicit finance, crypto is not the enemy – bad actors are. <\/p>\n

I sent a letter asking DOJ to finish its investigation and consider criminal charges against Binance and Tether after reports they served as intermediaries for Hamas and engaged in illicit activities. pic.twitter.com\/M3KGNFkpWc<\/a><\/p>\n

\u2014 Senator Cynthia Lummis (@SenLummis) October 26, 2023<\/a><\/p>\n<\/blockquote>\n<\/div>\n

\u201cWe urge the Department of Justice to carefully evaluate the extent to which Binance and Tether are providing material support and resources to support terrorism through violations of applicable sanctions laws and the Bank Secrecy Act,\u201d the Thursday letter read.\u00a0<\/p>\n

\u201cTo that end, we strongly support swift action by the Department of Justice against Binance and Tether to choke off sources of funding to the terrorists currently targeting Israel.\u201d<\/p>\n

The DOJ has ongoing investigations into both Tether and Binance, according to WSJ <\/i>and Bloomberg <\/i>reports, which both cited unnamed sources.\u00a0<\/p>\n

Sen. Lummis is usually outspoken about the digital asset industry\u2014but is not anti-crypto: She is known as the \u201cBitcoin Senator\u201d for her cryptocurrency advocacy on Capitol Hill and has pushed for crypto regulation.\u00a0<\/p>\n

Hamas has long collected donations in the form of cryptocurrencies like Dogecoin and Bitcoin, according <\/a>to experts.\u00a0<\/p>\n

But after a letter from bipartisan lawmakers last week demanded answers regarding the role cryptocurrency plays in financing terrorism, analysts pointed out that assertions crypto plays a large role in the Israel-Palestine crisis aren\u2019t entirely accurate.\u00a0<\/p>\n

Edited by Stacy Elliott<\/a>.<\/i><\/p>\n

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Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

U.S. lawmakers today urged the Department of Justice to press ahead with an investigation into Binance and Tether to see if the crypto giants have helped facilitate funding to Hamas.\u00a0 In a letter, Sen. Cynthia Lummis (R-WY) and Rep. French Hill (R-AR) asked on Thursday that the DOJ \u201creach a charging decision on Binance that […]<\/p>\n","protected":false},"author":2,"featured_media":183253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-183252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=183252"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183252\/revisions"}],"predecessor-version":[{"id":183255,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183252\/revisions\/183255"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/183253"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=183252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=183252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=183252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}