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9.22.20
Circling Back

The IRS Seized Millions in Terrorists’ Crypto. Congress Has Questions

August 26th 20__Dan Robitzski__Filed Under: Future Society
Pixabay/Tag Hartman-Simkins

Following Up

Earlier this month, federal law enforcement seized and diverted millions of dollars’ worth of cryptocurrency away from multiple terrorist organizations including ISIS and al Qaeda. But now Democratic members of Congress are demanding a briefing, saying they’ve been left in the dark about the seizure.

U.S. Representatives Emmanuel Cleaver and Josh Gottheimer, both Democrats, have officially called for information from the Department of Justice and the Department of the Treasury, The Hill reports. The duo argue that a briefing would help them better craft legislation to facilitate future busts.

In The Loop

Cleaver is the chairman of the House Financial Services Subcommittee on National Security, International Development, and Monetary Policy. He, along with subcommittee member Gottheimer, argued that the briefing was necessary for them to do their jobs, The Hill reports.

“It is vital that Members of the Subcommittee on National Security, International Development and Monetary Policy receive a briefing, at the appropriate classification level, on this action, the largest ever seizure of online terrorist financing, from the Department of Justice, the Department of the Treasury on this investigation,” the two wrote in their request.

Staying Ahead

The two committee members argue that without an understanding of the recent crypto bust, the government may not be able to keep up as terrorist groups learn from it and adapt in the future.

Gottheimer told The Hill that “foreign terrorist organizations, including ISIS and al Qaeda, are constantly evolving and using tactics to threaten our way of life and we must continue to stay one step ahead.”

READ MORE: House Democrats request briefing on seizure of terrorist cryptocurrency assets [The Hill]

More on crypto busts: The US Seized Millions in Crypto From Terrorist Groups