US lawmakers are calling on the Department of Justice (DOJ) to take action against major cryptocurrency companies Binance and Tether. They allege that these companies have facilitated illicit financial activities, including funding for the terrorist group Hamas. Senator Cynthia Lummis and Representative French Hill have sent a letter to Attorney General Merrick Garland, citing media reports that suggest Binance and Tether have allowed Hamas-linked accounts to operate and have failed to freeze addresses controlled by the group. The lawmakers accuse Binance of providing “material support” to terrorism through weak anti-money laundering controls, while Tether is accused of facilitating sanctions violations. Lummis and Hill are urging the DOJ to swiftly charge Binance and conclude investigations into Tether’s alleged illicit activities. These allegations come after reports that Binance and Tether were collaborating with Israeli authorities to freeze Hamas’ cryptocurrency assets. The DOJ has been investigating Binance since 2018 for anti-money laundering compliance, but the investigation has faced delays due to jurisdictional issues.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Middle East |
| Countries | 🇺🇸 |
| Sentiment | negative |
| Relevance Score | 1 |
| People | Merrick Garland, Cynthia Lummis, French Hill |
| Companies | Hamas, Binance, Tether, Department of Justice (DOJ) |
| Currencies | None |
| Securities | None |
