The United States Treasury Department is reportedly planning to expand its sanctions to designate cryptocurrency mixers as money-laundering hubs following Hamas’s attack on Israel. Deputy Treasury Secretary Wally Adeyemo stated that this move is aimed at combating digital assets being exploited by state-affiliated cyber actors, cyber criminals, and terrorist groups. The concerns surrounding terrorist organizations allegedly being financed by crypto have led over 100 members of Congress to call on the Biden administration to take action. In response, Treasury officials have added a Gaza-based crypto operator allegedly tied to Hamas to its list of Specially Designated Nationals. This development highlights the ongoing efforts to address illicit crypto activity and its potential links to terrorism.

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Information	Details
Geography	Middle East
Countries	🇮🇱
Sentiment	neutral
Relevance Score	1
People	Wally Adeyemo
Companies	The Wall Street Journal, Biden administration, Hamas, United States Treasury Department, Palestinian Islamic Jihad
Currencies	None
Securities	None