According to reports, Hamas has utilized millions of dollars in cryptocurrency to finance its operations, including the purchase of weapons used in the recent terrorist attack on Israel. The use of cryptocurrency by terrorist groups and for illicit activities has become increasingly widespread, posing challenges for regulation and anti-money laundering efforts. The lack of transparency in digital currencies, combined with their ability to bypass traditional financial systems, makes it difficult to track funds and prevent their misuse. The funds received by Hamas, as well as other groups like Palestinian Islamic Jihad and Hezbollah, have further fortified their already substantial funding from Iran. The United States is grappling with the need to establish effective regulations and safeguards around cryptocurrency to curb its illicit use, but progress remains slow.