Senator Cynthia Lummis Urges DOJ ‘Swift Action’ Against Binance & Tether for Links to Terrorist Groups

Senator Cynthia Lummis and French Hill call for DOJ action against Binance & Tether due to concerns about crypto’s role in terrorist funding.
Senator Cynthia Lummis Urges DOJ ‘Swift Action’ Against Binance & Tether for Links to Terrorist Groups

Cynthia Lummis, a Wyoming senator, has requested the US Department of Justice to consider charging Binance. This call to action came after the terrorist organization Hamas assaulted Israel.

Lummis, together with Arkansas Representative French Hill, requested the Justice Department in a letter dated October 26 to U.S. Attorney General Merrick Garland to decide whether to charge Binance. They also encouraged the agency to complete its investigations into any criminal activity concerning the cryptocurrency Tether as soon as possible.

Their worry stems from the idea that some of the money for Hamas’ coordinated attack on Israel on October 7 was handled through illegal bitcoin transactions.

We urge the Department of Justice to carefully evaluate the extent to which Binance and Tether are providing material support and resources to support terrorism through violations of applicable sanctions laws and the Bank Secrecy Act,” Lummis and Hill wrote in a joint statement.

In a letter to Senator Elizabeth Warren and other politicians, Lummis, a proponent of Bitcoin and cryptocurrency laws, and Hill, who leads the Subcommittee on Digital Assets, Financial Technology, and Inclusion, expressed similar worries. They were all concerned about the possible use of bitcoins to fund terrorist activities.

Unlike Senator Warren, however, the two Republican members specifically encouraged the Justice Department to focus its efforts on finding and prosecuting people engaged in illegal actions in the cryptocurrency field, particularly organizations such as Binance and Tether.

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