Expressing the sense of Congress that the Secretary of State in coordination with the Secretary of the Treasury should investigate the use of cryptocurrencies by Hamas (also known as Harakat al-Muqawama al-Islamiya), and whether any cryptocurrencies were exchanged between Hamas and the United Nations Relief and Works Agency.

Bill 118 hconres 88, titled "Expressing the sense of Congress that the Secretary of State in coordination with the Secretary of the Treasury should investigate the use of cryptocurrencies by Hamas (also known as Harakat al-Muqawama al-Islamiya), and whether any cryptocurrencies were exchanged between Hamas and the United Nations Relief and Works Agency," was introduced in the US Congress with the aim of addressing concerns about the potential use of cryptocurrencies by the terrorist organization Hamas.

The bill calls for the Secretary of State, in coordination with the Secretary of the Treasury, to conduct an investigation into the use of cryptocurrencies by Hamas. This investigation would seek to determine whether Hamas has been using cryptocurrencies for illicit activities, such as financing terrorism. Additionally, the bill calls for an examination of whether any cryptocurrencies have been exchanged between Hamas and the United Nations Relief and Works Agency (UNRWA).

The bill emphasizes the importance of monitoring and addressing the potential misuse of cryptocurrencies by terrorist organizations like Hamas. By investigating the use of cryptocurrencies by Hamas and potential exchanges with UNRWA, the bill aims to ensure that US government agencies are aware of any illicit activities and can take appropriate action to prevent the financing of terrorism. Overall, Bill 118 hconres 88 highlights the ongoing efforts of Congress to address national security concerns related to the use of cryptocurrencies by terrorist organizations and underscores the importance of cooperation between government agencies in combating illicit financial activities.