Several members of the U.S. House of Representatives have urged the government to investigate the digital wealth of terrorist groups such as Hamas.
Previous reports showed that Hamas-related crypto wallets received approximately $41 million between August 2021 and June 2023, while Palestinian Islamic Jihad-related wallets received approximately $93 million. It is unclear how many of these publicly identified digital assets are still accessible or held by Hamas.
House Majority Whip Tom Emmer, Financial Services Committee Chairman Patrick McHenry, Digital Assets Subcommittee Chairman French Hill, and Congressman Ritchie Torres jointly sent a letter to President Biden and Treasury Secretary Janet Yellen requesting the White House and Treasury Department to utilize open blockchain ledgers. Evaluating Hamas’s digital asset fundraising activities.
Additionally, Israeli authorities allegedly seized thousands of dollars in cryptocurrency and other digital assets following the attacks and froze multiple accounts suspected of raising money for Hamas (Fox)