US Treasury Imposes Sanctions on Hamas and Iran-Linked Crypto Exchange and Financiers

The U.S. Treasury Department has imposed sanctions on two senior Hamas officials, a Gaza-based crypto exchange, and its operators, as well as six individuals involved in managing the militant group's investment portfolio across multiple countries. The sanctions aim to disrupt Hamas' revenue from a portfolio of businesses worth hundreds of millions of dollars. The move comes as President Joe Biden expresses support for Israel's military response to Hamas attacks. The role of cryptocurrency in financing Hamas has become a concern for lawmakers, prompting calls for crackdowns. The Treasury Department is committed to imposing more costs on Hamas and its funds.