Crypto-Friendly Lawmakers Ask Biden, Yellen to Quantify Hamas' Digital Asset Fundraising

Crypto-Friendly Lawmakers Ask Biden, Yellen to Quantify Hamas’ Digital Asset Fundraising

A group of lawmakers asked U.S. President Joe Biden and Treasury Secretary Janet Yellen to quantify to what extent terror group Hamas might be using cryptocurrency to raise funds, hours before members of the House Financial Services Committee were set to hold a hearing on the issue.

The Tuesday letter cites recent Wall Street Journal reporting and blog posts from crypto analytics firms, saying there is a concern about Hamas receiving crypto funds but that “it remains unclear” the extent to which this is a problem.

“Congress must understand the size, scope, and duration of Hamas’s digital asset operations, as well as whether the United States has had

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