"US Treasury: Crypto's Role in Terror Financing Overstated"

The U.S. Treasury's undersecretary for terrorism and financial intelligence, Brian Nelson, testified that terrorist group Hamas has received minimal support in digital assets, contradicting earlier reports of significant crypto funding. The Treasury is focused on the threat from digital assets and seeks more tools from Congress. Media reports linking tens of millions in crypto payments to Hamas were debunked, with Nelson confirming that the actual amount is very low. Despite this, lawmakers continue to use the false figures in legislative efforts to regulate the crypto industry for national security.