Crypto In Focus During U.S. House Hearing On Domestic Terrorism Funding

With international terrorist groups increasingly relying on cryptocurrency as a source of funding, terrorists and extremists within the U.S. are following suit, officials warned during a Congressional hearing Wednesday.

Convened by the House Financial Services Subcommittee on National Security, International Development and Monetary Policy, the hearing focused on the financing of domestic terrorism and extremism.

The use of cryptocurrency to fund such crimes by U.S.-based actors emerged as a key theme during the session, with the testimonies of several expert witnesses emphasizing the issue.

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