Sen. Elizabeth Warren Accuses Crypto Lobbying Groups for Terrorism Financing

Sen. Elizabeth Warren (D-Mass.) has accused lobbying groups in the crypto industry, including Blockchain Association, Coin Center, and the Chamber of Digital Commerce, of undermining bipartisan efforts in Congress and the Biden Administration to address the role of cryptocurrency in financing terrorist organizations such as Hamas. Warren’s letter referenced a report claiming that these groups are working against legislative efforts to combat terrorism financing through crypto. However, blockchain analytics firms dispute claims of extensive crypto funding for Hamas, stating that the actual amount is in the thousands of dollars, not tens of millions. (Source: Coindesk)