Senator Warren’s bill to combat crypto-financing of terrorism wins support from the U.S. House of Representatives
US Congressman Sean Caste (Democrat from Illinois) stated that Hamas allegedly raised millions of dollars through cryptocurrency before the recent attacks on Israel. Therefore, he plans to propose a bill to strengthen the Bank Secrecy Act requirements for cryptocurrencies. Caste said, "We will discuss the bill that Senator Warren has already introduced in the Senate to achieve this goal." Caste did not specify which bill, but Warren reintroduced a bill in July that would crack down on money laundering and sanctions evasion using cryptocurrencies and expand the Bank Secrecy Act requirements to include digital asset wallet providers, miners, and other participants.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
