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Democrats are asking the Trump administration for a report on cryptocurrencies seized from terrorists

August 26, 2020

Monday, Two Democratic officials asked the Trump administration to provide more information on the cryptocurrencies recently seized by terrorists.

According to a report by The Hill on Aug. 26 The request is about the millions of dollars in crypto assets that the U.S. Department of Justice has. seized several terrorist organizations. The organizations involved included Al-Qaeda, ISIS, Hamas and Al-Qassam.

The motion was initiated by Emanuel Cleaver, chairman of the House Financial Services Subcommittee on Homeland Security, International Development and Monetary Policy, and subcommittee member Josh Gottheimer. Together, They asked Treasury Secretary Steven Mnuchin and Attorney General William Barr for information about the operation. Your request is:

Democrats are asking the Trump administration for a report on cryptocurrencies seized from terroristsDemocrats are asking the Trump administration for a report on cryptocurrencies seized from terrorists

“It is important that the members of the Homeland Security, International Development and Monetary Policy Subcommittee receive a report with the appropriate classification from the Ministry of Justice, Ministry of Homeland Security, on this measure, the largest seizure of online terrorist financing, treasure in this investigation . “

Also, The inquiry also asked the Treasury Department to provide an assessment of its efforts to combat malicious actors attempting to attack US financial systems.

The document clarifies that this information is necessary in order to understand what kind of regulation is needed to limit the illegal use of cryptocurrencies:

“This will further inform the subcommittee of the legislative action we should take to provide regulators and law enforcement with adequate resources and tools to further combat the illegal use of cryptocurrencies and disrupt the financial networks of terrorist organizations.”

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