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seeking sanctions

Senate bill seeks sanctions on banks, crypto firms that facilitate Hamas financing

Intelligence Committee Chair Mark Warner said the bill would ensure the Treasury ‘has the tools necessary to enforce our sanctions against Hamas and other terror groups’

A representation of the Bitcoin cryptocurrency is being displayed in Brussels, Belgium, on December 6, 2023.

Jonathan Raa/NurPhoto via Getty Images

A representation of the Bitcoin cryptocurrency is being displayed in Brussels, Belgium, on December 6, 2023.

A bipartisan group of senior senators introduced a bill last Thursday that aims to crack down on money flowing to Hamas and other terrorist groups, taking aim both at traditional banks and cryptocurrency firms.

The legislation was introduced by...

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