Gary Gensler will testify before the U.S. Senate Banking Committee today for a confirmation hearing on his nomination to lead the SEC.
Witnesses didn't call for new domestic terror statutes or treat cryptocurrencies as a tool uniquely suited for illicit finance in a U.S. Congressional hearing Thursday.
Witnesses will likely suggest giving FinCEN better tools to watch for illicit financing methods.
The hearing will assess various means of terrorist financing including cryptocurrencies and other funding mechanisms amid the backdrop of what occurred on Jan. 6.
Congress is holding a hearing on financing for domestic terrorism this week. What role will bitcoin play?
"I see the promise of these new technologies, but I also see the reality: Cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism," Yellen said.
The U.S. Department of Justice is trying to seize bitcoin from 155 addresses it alleges were used by Al Qaeda to fund terrorism.
Ukraine's security service detained two suspected terrorists who threatened to blow up buildings if they didn't receive bitcoin.
New Jersey Office of Homeland Security and Preparedness Director Jared Maples predicted Wednesday that domestic terrorists will increasingly turn to bitcoin.
Terrorists are using bitcoin, but they aren't the only ones. Here's the real story about bitcoin usage in Palestine.
Hamas is soliciting bitcoin donations for its military operations, but so far has only garnered a few thousand dollars.
Cryptocurrencies are ill-suited for terrorist financing, a member of a think tank told the U.S. House of Representatives last week.
The Treasury undersecretary has called for other nations to regulate cryptocurrencies to help protect the financial system and national security.
A new bill introduced by a U.S. lawmaker calls for the formation of a task force to combat the use of cryptocurrencies in financing terrorism.
The increased price of bitcoin appears to be luring terrorist fundraising efforts, in spite of the risks of being discovered.