U.S. lawmakers want the DOJ to investigate Binance and Tether over possible links to terrorism despite disputed reports.
Both Republicans and Democrats support cracking down on crypto’s role in funding terrorism.
In a bipartisan effort, U.S. lawmakers have urged the Department of Justice (DOJ) to initiate an investigation into major cryptocurrency platforms, Binance and Tether, over concerns about their potential involvement in facilitating funding for terrorist organizations, specifically Hamas.
The call for this investigation comes from reports suggesting that Hamas used these platforms to finance attacks on Israel. Although blockchain data firm Elliptic has questioned the accuracy of these reports, lawmakers remain resolute in their demand for an inquiry.
Lawmakers Seek Answers
Sen. Cynthia Lummis (R-WY) and Rep. French Hill (R-AR) have issued a letter to the DOJ, emphasizing swift action. They have called upon the DOJ to reach a charging decision regarding Binance and to expedit

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