Senate's Banking Chairman Vows To 'Crack Down' On Crypto's Terrorism Ties: 'Cut Off Funding...At Its Source'
Portfolio Pulse from Benzinga Neuro
The U.S. Senate’s Banking Committee, led by Sen. Sherrod Brown, plans to investigate and curb the use of cryptocurrencies like Bitcoin, Ethereum, and Dogecoin in funding terrorism. The committee will scrutinize various terrorist funding channels, including cryptocurrency, and seek additional measures to halt such monetary flows. Brown's comments suggest that the crypto industry could face increased regulatory scrutiny in the near future.

October 27, 2023 | 8:31 am
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NEGATIVE IMPACT
Increased regulatory scrutiny and potential restrictions on Bitcoin could negatively impact its price.
Increased regulatory scrutiny and potential restrictions could lead to decreased demand for Bitcoin, negatively impacting its price.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Increased regulatory scrutiny and potential restrictions on Dogecoin could negatively impact its price.
Increased regulatory scrutiny and potential restrictions could lead to decreased demand for Dogecoin, negatively impacting its price.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Increased regulatory scrutiny and potential restrictions on Ethereum could negatively impact its price.
Increased regulatory scrutiny and potential restrictions could lead to decreased demand for Ethereum, negatively impacting its price.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100