Treasury’s Wally Adeyemo: Legislation needed to cut off Iran, Hamas crypto pipeline
‘We fear that without congressional action to provide us with necessary tools, the use of virtual assets by these actors will only grow,’ the deputy Treasury secretary said
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UNITED STATES - APRIL 9: Deputy Treasury Secretary Wally Adeyemo is seen after testifying at the Senate Banking, Housing and Urban Affairs Committee hearing titled "An Update from the Treasury Department: Countering Illicit Finance, Terrorism and Sanctions Evasion," in Dirksen Building on Tuesday, April 9, 2024.
Deputy Treasury Secretary Wally Adeyemo repeatedly emphasized at a hearing on Tuesday that Congress needs to pass legislation to grant the administration new authorities to cut off cryptocurrency financing pipelines that are or could be used by Iran and...