Bipartisan Letter Calls For Stopping Crypto Funding Of Hamas

A coalition of senators from both parties is urging the US to stop sponsoring Hamas, a terrorist outfit that makes money via bitcoin mining.

The letter criticizes Hamas for using cryptocurrency mining to earn income and is sent to Treasury Secretary Steven Mnuchin and Attorney General William Barr.

This is a clear case of anti-American terrorism and should be met with strong action from the United States government, it states.

The letter claims that Hamas employs bitcoin mining to generate revenue for its military branch and other endeavors. Since it was founded in 1987 by Palestinian cleric Mohammed Abbas, the organisation has been classified as a terrorist organization by both the United States and Israel.

Hamas has been charged with utilizing bitcoin and other cryptocurrencies to pay for its assaults against Israelis, including rocket strikes on Jewish communities in Gaza and infiltration tunnels.