News with the tag "Crypto terrorism"

The latest reports in the town suggest that Vice President Kamala Harris is endorsing Joe Biden’s FY2025 Budget Proposal of introducing a staggering 45% capital gains tax on long-term investments in the U.S. If this weren’t enough, she’s also considering bringing a 25% tax on unrealized gains. This ...

Stablecoin issuer, Tether has faced renewed criticism following allegations concerning the use of USDT in terror financing. The largest stablecoin by market cap has previously come under fire for its alleged use in government bypassing sanctions and other wider illicit uses including money launderin...

The Senate Banking trial on countering illicit finance, terrorism, and sanctions evasion is scheduled for Tuesday, April 9 at 10:00 a.m. ET. Prior to the hearing, Coinbase’s Chief Legal Officer (CLO), Paul Grewal, issued a fervent call for stablecoin regulation. Expressing a sense of urgency, the CL...

The Senate Banking hearing on countering illicit finance, terrorism, and sanctions evasion is scheduled for Tuesday, April 9 at 10:00 a.m. ET. Ahead of the hearing, Coinbase’s Chief Legal Officer (CLO), Paul Grewal, issued a fervent call for stablecoin regulation. Expressing a sense of urgency, the ...

House Majority Whip Tom Emmer recently highlighted the U.S. Treasury’s failure in handling Senator Elizabeth Warren’s false crypto terrorism claims. He shed light on what he perceives as a critical oversight by the Treasury Department amidst Senator Elizabeth Warren’s contentious claims regarding cr...

Coinbase Chief Legal Officer (CLO) Paul Grewal is urging the Wall Street Journal (WSJ) to correct its record following recent statements from U.S. Treasury officials affirming that Hamas has not been involved in terrorism via crypto financing. Furthermore, the Coinbase CLO expressed that such misinf...

The legitimacy of crypto has been time and again questioned due to its involvement in illicit activities. The looming concern has again surfaced with a US senator posing questions to the secretary of treasury about how the country is planning to combat digital asset transactions used in terrorist ac...

Several U.S. lawmakers have introduced a bipartisan bill to crack down on terrorist organizations by applying sanctions to foreign entities, including crypto platforms, that facilitate financial transactions for terrorists. The legislation would also “equip the Treasury Department with additional re...

Fifty-eight U.S. lawmakers have probed President Joe Biden and Treasury Secretary Janet Yellen regarding Hamas’ digital asset operations, as well as whether the U.S. has had success in seizing illicit cryptocurrencies. Despite reports that terrorist groups have raised millions in crypto, the lawmake...