Politico reports that the US Senate Banking Committee is considering two hearings related to Israel and legislation to crack down on illegal cryptocurrency transactions following Hamas attacks. Earlier this year, multiple members of the committee, including Senators Jack Reed (D-RI), Mike Rounds (R-SD), and Elizabeth Warren (D-MA), introduced bills aimed at bringing digital assets in line with anti-money laundering and economic sanctions rules. Reed said that Senate Banking Committee Chairman Sherrod Brown (D-OH) is considering merging them because there are reports that Hamas is using cryptocurrency to "collect or launder funds from overseas." Sherrod Brown said, "We are looking at a lot of cryptocurrency ideas. We want to learn more and make some decisions."
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U.S. Senate Banking Committee is weighing legislation to crack down on illegal cryptocurrency trading
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