• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

US Congressman Calls for Investigation of Binance and Tether for Sponsoring Terrorism

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

A group of Republican lawmakers has asked the US Department of Justice to investigate whether or not Binance and Tether violated terrorist financing principles.

US Congressman Calls for Investigation of Binance and Tether for Sponsoring Terrorism. Photo: Bloomberg

On October 26 (US time), a group of Republican lawmakers, led by Senator Cynthia Lummis and Representative French Hill, sent a petition to the US Department of Justice, requesting that this company investigate whether or not Binance or Tether have hacked money laws and the Bank Secrecy Act.

Lawmakers say Binance and Tether help terrorist financing pursuits connected to the ongoing conflict concerning Israel and Hamas, primarily based on former reviews that Hamas has been getting income in crypto kind considering that 2015. 2021.

When it comes to illicit finance, the enemy is not cryptocurrencies, but negative actors.

I sent a letter asking the DOJ to finish its investigation and take into consideration criminal expenses towards Binance and Tether right after delivering reviews of them as intermediaries of Hamas and concerned in illicit pursuits. pic.twitter.com/M3KGNFkpWc

— Senator Cynthia Lummis (@SenLummis) October 26, 2023

Despite the truth that the two Binance and Tether just lately assisted the Israeli government freeze a amount of crypto accounts believed to be linked to Hamas and freeze the quantity of USDT concerned, two members of Congress Lummis and Hill even now think that the exchange’s shares are just proactive and block accounts only right after they have been found.

Additionally, lawmakers also mentioned that Tether has lengthy been regarded to violate U.S.-imposed money embargo principles, stemming from lax principles on verifying a customer’s identity in spite of realizing them, and to use the support for malicious functions.

In a statement also launched on October 26, a Tether representative denied the allegations manufactured towards the organization pertaining to USDT terrorist financing operations. Tether mentioned it consistently functions with worldwide authorities to freeze USDT addresses related with criminals and is committed to complying with embargo rules.

Tether Strengthens Stance Against Terrorist Use of Cryptocurrencies, Urges Governments to Check Data Misinterpretation by Mainstream Media

Read additional ⬇️https://t.co/ZMDVdRvuGK

—Tether (@Tether_to) October 26, 2023

Tether also pointed out that latest US media reviews about cryptocurrencies becoming utilized to finance Hamas have been inaccurate, as they exaggerated the quantity by numerous dozen occasions.

In a statement launched later on, the chairman of the US Senate Banking Committee, Senator Sherrod Brown, announced that his committee would “destroy the use of cryptocurrency in terrorist financing” by studying techniques to lower that income movement. Brown mentioned the US government must consider techniques to impose sanctions and coordinate with allied nations to track, freeze and confiscate assets linked to Hamas and reduce this organization from mobilizing money assets.

In mid-October, additional than one hundred US lawmakers also signed a letter sent to the Treasury Department, asking the company to offer a clear program to reduce cryptocurrency from becoming utilized in transactions linked to terrorist organizations.

Coinlive compiled

Maybe you are interested:

Related articles

New CEO Richard Teng wants to turn Binance into "a normal financial company"

New CEO Richard Teng desires to flip Binance into “a normal financial company”

November 27, 2023
Binance Labs invests $3.15 million in Open Campus, EDU builds columns

Binance Labs invests $three.15 million in Open Campus, EDU builds columns

November 27, 2023

Join the discussion on the hottest problems in the DeFi market place in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!

Tags: BinanceBindCallscongressmanInvestigationsponsoringterrorismTether
Share76Tweet47

Related Posts

Pi Network Launches $100M Fund, Faces Market Challenges

by shark
June 1, 2025
0

Pi Network announced a $100 million fund to support dApp development at the Consensus 2025 Conference, aiming to boost innovation...

Coinbase Increases Share in USDC Stablecoin Market

by shark
June 1, 2025
0

Coinbase is enhancing its stake in the USDC stablecoin market with a notable rise in its share in the US...

Ethereum Maintains Stability Despite Market Speculation on $2K Drop

by shark
June 1, 2025
0

Ethereum consolidates above $2,500 despite fading momentum; institutional interest remains high.

Spot Bitcoin ETFs Witness $616M Net Outflow on May 30

by shark
June 1, 2025
0

US-listed spot Bitcoin ETFs, including BlackRock’s, saw $616 million in net outflows, emphasizing volatility risks.

Sui Community Approves Release of Frozen Tokens

by shark
June 1, 2025
0

Sui community members vote to release $162 million in tokens frozen post Cetus hack in October 2023.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Pi Network Launches $100M Fund, Faces Market Challenges
  • Coinbase Increases Share in USDC Stablecoin Market
  • Top Cryptos to Join Now: Qubetics, Cardano, and Theta Making Waves in 2025 Crypto Markets
  • Ethereum Maintains Stability Despite Market Speculation on $2K Drop
  • Spot Bitcoin ETFs Witness $616M Net Outflow on May 30
  • Sui Community Approves Release of Frozen Tokens
  • FTX Begins $5 Billion Creditors Repayment Process
  • Meta Shareholders Reject Bitcoin Treasury Proposal
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7