White House urged to curb Hamas crypto use amid escalating crisis in Gaza
In a letter to the White House sent on Tuesday, a bipartisan group of lawmakers warned that Hamas has funded its attack on Israel through crypto — and that the Biden administration must swiftly take action to curb its effectiveness. Led by Senators Elizabeth Warren, Roger Marshall, and Representative Sean Caster, over 100 lawmakers signed a document condemning Hamas and the Palestinian Islamic Jihad in their use of crypto to fund terrorist acts and evade US sanctions. The letter, sent to the US Treasury Department and the White House, described “grave concern” about Hamas ’ operations — and requested that Biden’s administration share figures on the extent of its dependence on crypto . The bipartisan group of lawmakers want to know how much crypto remains in Hamas-controlled wallets, how much the militant group relies on crypto to fund operations, and information about the entities and individuals facilitating its crypto use. “Congress and this administration must take strong act...