Your Resource for Government on Crypto
10.27.2023
House, Senate Hold Hearings on Terrorist Financing
Two House Financial Services subcommittees– the National Security, Illicit Finance, and International Financial Institutions Subcommittee and the Oversight and Investigations Subcommittee– as well as the Senate Banking Committee, held hearings on terrorist financing. The hearings were focused on sanctions and traditional forms of financing more than crypto, but some lawmakers voiced concern about the use of crypto in financing terrorism, including Senate Banking Chair Sherrod Brown (D-OH), Sen. Cynthia Lummis (R-WY), and Rep. Sean Casten (D-IL).