Congressional Hearing Finds Cryptocurrency “Poor Form of Money” For Terrorists

Cryptocurrency–In a bid for the growing acceptance and education of cryptocurrency, a U.S. Congress Subcommittee on Terrorism has recently exonerated the form of digital money in relation to its use by those who would seek to do the country harm.

According to an official press release out of the U.S. House of Representatives Financial Services Committee a discussion on cryptocurrency as a possible means for fueling terrorism was held on September 7, with the title “Examining Terrorist Groups and Their Means of Financing Illicit Activity.” As opposed to perpetuating the narrative of crypto supporting illegal behavior, one first made popular in the fallout of The Silk Road court case and a diatribe most in the industry are growing weary of, the commission found that cryptocurrency made for a “poor form of money” for supplying terrorists, and that the burgeoning industry did not pose a threat to national security via its ability to fund such organizations.

While the hearing…