U.S. to warn crypto firms against financing Hamas, terror groups

U.S. Deputy Treasury Secretary Wally Adeyemo on Friday will warn cryptocurrency firms against allowing their platforms to be used to finance terrorist organizations, as scrutiny mounts of how Hamas may have used digital currency to fund its attack on Israel.

In a speech at London’s Royal United Services Institute, a foreign-policy think tank, Adeyemo will make clear that U.S. officials are tracking the role crypto firms play in supporting terrorist groups as lawmakers in both parties call for a closer investigation of digital funds.