Hamas’s ‘giant machine’ of fundraising has withstood U.S. pressure for decades
As Israel’s war against Hamas enters its second week, U.S. lawmakers are weighing new policies that could help starve the terrorist organization of the resources it needs to carry out its attacks.
Vidino said that Hamas operates businesses and taps a vast network of global charities that “collect funds that end up in Hamas-controlled territories,” and that gaining access to tangible goods, like food and other supplies for civilians and weapons for combatants, is of more importance than financial infrastructure it uses to pay for them.
The industry and some experts are pushing back against a bipartisan bill gaining steam in the Senate that would greatly expand the number and kind of crypto users that would be considered a financial institution and therefore would be required to establish anti-money laundering programs and to report suspicious financial activity.
“If crypto went away tomorrow, it wouldn’t matter,” he said. “If the U.S. banned the Internet, obviously your life would change dramatically. If crypto were outlawed tomorrow it would mean nothing to you.”
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