Terrorist fundraising: Is crypto really to blame?

” There is an opportunity to address this issue constructively,” Carbone informed Cointelegraph, “however I fear that some anti-crypto policymakers in Washington are utilizing the crisis to push their agenda and significantly restrict crypto usage in the U.S. or eradicate it totally.” Is reform crypto legislation in the U.S. dead for now?But the conflagration in the Middle East may have currently torpedoed prospects for extensive crypto reform legislation in the U.S.– at least for now.Analyst Mark Palmer from Berenberg Capital Markets was one of the first to warn of the potential impact of political headwinds from the Israel– Hamas conflict on the crypto reform efforts in the U.S. More just recently, Palmer told Cointelegraph: “Coinbase is likely facing an uphill battle in its effort to lobby Congress in the hope that it would prepare legislation that would bring regulatory clarity around the question of whether crypto tokens are securities or not, particularly now that current media reports have put a spotlight on how Hamas used crypto as a method of fundraising in current years ahead of its attack on Israel.

” Out of percentage to the facts”” If any terrorist company is using crypto for fundraising, then I d argue its an issue,” Cody Carbone, vice president, policy at the Chamber of Digital Commerce, told Cointelegraph.” There is an opportunity to address this problem constructively,” Carbone informed Cointelegraph, “however I fear that some anti-crypto policymakers in Washington are utilizing the crisis to push their agenda and substantially limit crypto use in the U.S. or eradicate it completely. Binance has actually just recently been working with Israeli authorities to freeze the crypto accounts of a number of terror-designated groups, including PIJ and Hamas.” Is reform crypto legislation in the U.S. dead for now?But the conflagration in the Middle East may have already torpedoed potential customers for thorough crypto reform legislation in the U.S.– at least for now.Analyst Mark Palmer from Berenberg Capital Markets was one of the very first to alert of the prospective impact of political headwinds from the Israel– Hamas conflict on the crypto reform efforts in the U.S. More recently, Palmer informed Cointelegraph: “Coinbase is likely dealing with an uphill battle in its effort to lobby Congress in the hope that it would prepare legislation that would bring regulatory clarity around the question of whether crypto tokens are securities or not, particularly now that current media reports have put a spotlight on how Hamas used crypto as a means of fundraising in current years ahead of its attack on Israel.