November 15, 2023
In a recent letter, Congress emphasized the need to comprehend the extent of Hamas's digital asset operations. This includes understanding the size, scope, and duration of these operations, as well as assessing the success of the United States in seizing illicit digital assets.
To fully grasp the impact of Hamas's digital asset operations, it is crucial to consider them in the context of their traditional funding activities. While accounting for funds received from Iran or through donations, it is estimated that Hamas's global investment portfolio generates hundreds of millions of dollars in revenue. This amount could potentially surpass the funds received through digital asset donations.
It is imperative for Congress to gain a comprehensive understanding of Hamas's digital asset operations. By doing so, they can effectively address the financial resources available to Hamas and develop strategies to counteract their fundraising efforts. This understanding will contribute to the overall efforts in combating terrorism and ensuring global security.
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