US Takes Action to Disrupt Terrorist Financing, Targets Hamas and Other Groups

U.S. Deputy Treasury Secretary Wally Adeyemo will warn cryptocurrency firms against facilitating the financing of terrorist organizations, specifically mentioning the role of crypto platforms in supporting groups like Hamas. The U.S. Treasury Department is intensifying efforts to crack down on international financial channels that allowed Hamas to fund its recent attack on Israel. Last week, Treasury imposed sanctions on 10 Hamas members and entities tied to the group. Adeyemo emphasizes that the U.S. will use all available tools to target individuals or platforms involved in facilitating illicit financial flows for terrorists.