ICYMI: Emmer leads bipartisan push to investigate Hamas' cryptocurrency financing

Press Release

"Reports indicate that Hamas-linked digital wallets received about $41 million and Palestinian Islamic Jihad-linked digital wallets received about $93 million between August 2021 and June 2023. Yet, it remains unclear how much, if any, of the publicly identified digital assets are accessible to or remains in the possession of Hamas.

According to reports, Hamas shut down its digital asset fundraising campaign in April 2023 citing the ability of government officials to identify and prosecute donors.

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We request the White House and the Treasury to utilize the open blockchain ledger to assess the footprint of Hamas' digital asset fundraising campaign. In doing this, Congress can better understand the United States' available tools and capabilities to target bad actors on blockchain and support legitimate digital asset use and innovation.

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Please respond no later than November 29, 2023. If the answers to these questions cannot be provided in an unclassified manner, we request that a classified briefing be scheduled in a timely manner on the matter.

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This action targets members managing assets in a secret Hamas investment portfolio, a Qatar-based financial facilitator with close ties to the Iranian regime, a key Hamas commander, and a Gaza-based virtual currency exchange and its operator.

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