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US Senator Elizabeth Warren, known as one of the adversaries of cryptocurrencies, has recently been trying to convince politicians that cryptocurrencies are used in criminal financing, especially following the Israel-Palestine incidents. However, the latest bill was prepared by Senators Mitt Romney, Mark Warner, Mike Rounds, and Jack Reed.
A bipartisan group of senators in the United States is working to limit the alleged active role of cryptocurrencies in terror financing. Referring explicitly to the attack on Israel by Hamas on October 7, they have taken action on this issue.
Senators Mitt Romney, Mark Warner, Mike Rounds, and Jack Reed announced that they introduced the Terrorist Financing Prevention Act. This bill, if passed, will expand US sanctions to include parties that provide funds to terrorist organizations, whether through cryptocurrencies or fiat currency.
The US turns a blind eye to the crimes committed by Israel against civilians, youth, children, and the elderly. Despite the lack of evidence for the allegations, harsh measures against cryptocurrencies can be proposed following the baseless WSJ report. However, there is no evidence that Hamas has collected significant funds through cryptocurrencies.