skip to Main Content
bitcoin
Bitcoin (BTC) $ 69,620.65 0.33%
ethereum
Ethereum (ETH) $ 2,499.71 0.30%
tether
Tether (USDT) $ 0.999877 0.06%
bnb
BNB (BNB) $ 575.57 0.07%
solana
Solana (SOL) $ 166.70 0.44%
usd-coin
USDC (USDC) $ 1.00 0.05%
xrp
XRP (XRP) $ 0.511525 0.85%
staked-ether
Lido Staked Ether (STETH) $ 2,498.07 0.27%
dogecoin
Dogecoin (DOGE) $ 0.160442 1.36%
tron
TRON (TRX) $ 0.167293 0.15%

U.S. Democrats Ask Trump Administration for Details on Terrorist Crypto Seizures

(kenkistler/Shutterstock)

Two U.S. Democrats have asked the Trump administration to provide more information on recent seizures of cryptocurrency from terrorist groups, including ISIS.

  • Representatives Josh Gottheimer of New Jersey and Emanuel Cleaver of Missouri made the request Monday, according to The Hill.
  • Calling it “the largest-ever seizure of online terrorist financing,” the two lawmakers said it is “vital” that members of the Subcommittee on National Security, International Development and Monetary Policy should be briefed on the investigation.
  • They requested the Department of Justice (DOJ) and the Department of the Treasury provide the briefing, with the latter also asked to explain its efforts in tackling potential malicious attacks on U.S. finance.
  • As for why, Gottheimer and Cleaver explained that this information would help lawmakers develop legislation enabling law enforcement agencies and regulators to “continue to address the illicit use of cryptocurrency and disrupt terrorist organizations.”
  • As reported on Aug. 13, the DOJ announced the seizure of 300 terrorist cryptocurrency accounts with funds worth in the “millions of dollars.”
  • Following an investigation, money-laundering and fundraising efforts involving al-Qaeda, Hamas and ISIS were dismantled, it said.
  • Gottheimer told The Hill in a statement that it’s important “to stay one step ahead” of foreign terrorist entities that threaten the U.S.

Disclosure

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading data ...
Comparison
View chart compare
View table compare
Back To Top