US politicians push for a probe into claims of crypto funding for Hamas, following a controversial WSJ report. Lawmakers demand action from President Biden, citing substantial amounts in alleged crypto donations to Hamas and Palestinian Islamic Jihad.
US politicians, spearheaded by Tom Emmer and Patrick McHenry, urge President Biden to investigate alleged crypto financing of Hamas and Palestinian Islamic Jihad.
The controversial WSJ report claims $41 million and $93 million in crypto donations, respectively.
Amidst rising tensions and casualties, the focus shifts to crypto financing. Chainalysis, a leading on-chain analysis company, questions the validity of the claims, suggesting a need for on-chain proof.
The letter to Biden and Yellen seeks identification of crypto accounts linked to Hamas.