NJ Counterterrorism Chief Warns US Congress: Crypto Is Funding ‘Domestic Extremism’
Jan 15, 2020
Speaking during a U.S. House Financial Services Committee monetary policy sub-committee hearing in Washington, Maples said domestic terrorists find value in bitcoin and other cryptocurrencies’ security and masked movements.
“They’re seeing the effectiveness of being able to mask those movements,” Maples said. “As cryptocurrency becomes more prevalent and the technology becomes easier to adapt and use, we do believe we’ll see more of that in the domestic terror realm.”
Rep. Brad Sherman (D-Calif.), a longtime crypto skeptic, pressed Maples for instances of domestic use, saying: “If it works for Hamas, it will work for the Nazis, too.”