Share this article
US House Subpanel to Look at Crypto as Part of Examination of How Domestic Terrorism Is Funded
The hearing will assess various means of terrorist financing including cryptocurrencies and other funding mechanisms amid the backdrop of what occurred on Jan. 6.
Updated Sep 14, 2021, 12:16 p.m. Published Feb 24, 2021, 1:55 a.m.
A subcommittee of the U.S. House Financial Services Committee is expected to discuss how to thwart current and future avenues relating to the financing of domestic terrorism, including cryptocurrency.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
According to a memo on Monday, the Subcommittee on National Security, International Development and Monetary Policy will hold its hearing on Thursday, Feb. 25.
Specifically, it will assess various means of terrorist financing including crowdfunding, charities, content subscriptions, cryptocurrencies and other funding mechanisms amid the backdrop of what occurred on Jan. 6.
As it relates to cryptocurrency, the hearing will assess "the overall increase" in its popularity as banks begin to tighten their measures against terror financing, the committee said.
Additionally, U.S. Treasury Secretary Janet Yellen has mentioned cryptocurrency use in terrorism as a key concern at least three times over the past five weeks.
A number of "high-profile, high-value" transfers to known "alt-right" cryptocurrency wallets have occurred including a post-death transfer of over $500,000 in bitcoin from a suicidal French extremist to a number of U.S.-based, extremist-owned wallets, the memo reads.
It is unclear whether those individuals were present at the Jan. 6 Capitol Hill insurrection in Washington, D.C. "Nonetheless, since it is increasingly common to find cryptocurrency wallet addresses listed on extremist websites, this is a potential and growing source of funds for domestic extremists."
See also: State of Crypto: The US Government Keeps Mentioning Terrorism
The hearing will feature a panel of five witnesses from various organizations including Iman Boukadoum, senior manager at the Leadership Conference on Civil and Human Rights, and Lecia Brooks, executive director at the Southern Poverty Law Center.
Daniel Glaser, former assistant secretary for Terrorist Financing and Financial Crimes, Daniel Rogers co-founder and CTO at the Global Disinformation Index and Daveed Gartenstein-Ross, CEO at Valens Global will also be joining.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DOT Sinks 2% After Breaking Key Support
The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
What to know:
- DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
- The token broke decisively below the support level to trade 2% lower over the last 24 hours.
Top Stories
