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. The lawmakers are urging the DOJ to 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 crypto assets. Binance has been under investigation by the DOJ since 2018 for anti-money laundering compliance, but the investigation has faced delays due to jurisdictional issues.

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Information	Details
Geography	Middle East
Countries	🇮🇱
Sentiment	negative
Relevance Score	1
People	None, Cynthia Lummis, Merrick Garland, French Hill
Companies	Binance, Department of Justice (DOJ), Tether, Hamas
Currencies	None
Securities	None