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Wednesday

24 February 2021

Congress worries crypto used to fund domestic terrorism, Capitol insurrection

Congress worries crypto used to fund domestic terrorism, Capitol insurrection


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Congress worries crypto used to fund domestic terrorism, Capitol insurrection.

25, the Subcommittee on National Security, International Development, and Monetary Policy will hold a hearing titled “Dollars Against Democracy: Domestic Terrorist Financing in the Aftermath of Insurrection.” A committee memorandum ahead of the hearing stated that “as scrutiny by traditional banks and payment platforms increases, extremists are turning to solicitations of cryptocurrencies.”.

Two main incidents are used to suggest crypto may have helped fund the Capitol insurrection.

However the memo concedes the two incidents are circumstantial evidence and that “it is unknown whether the funds from these Bitcoin transfers or others were used in the planning and execution of the January 6th Trump rally or the Capitol insurrection that followed.”.

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cointelegraph.com
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