In a recent series of testimonies before the House Financial Services Committee, the U.S. Treasury’s Undersecretary for Terrorism and Financial Intelligence, Brian Nelson, provided critical insights into the role of digital assets in funding terrorist activities. His testimonies aimed to clarify misconceptions surrounding the use of digital currencies by militant groups like Hamas and Palestinian Islamic Jihad.

Contradictory Reports Surface

Initial reports, notably by The Wall Street Journal, suggested significant digital assets usage by these groups, citing figures in the tens of millions of dollars. However, Nelson debunked these claims, asserting that digital currencies played only a…

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