Senator Tim Scott says Washington D.C.'s attack on crypto is disproportionate and overlooks other terrorism funding sources
In a recent Senate hearing, Senator Tim Scott accused the US administration of disproportionately targeting cryptocurrencies in the fight against terrorism financing, overlooking larger, conventional funding sources such as Iran's vast oil exports. Deputy Treasury Secretary Adewale Adeyemo defended the administration's stance, highlighting digital assets' unique challenges in enforcing financial sanctions.