Challenges in Crypto: Funding and Legal Issuesđ§
Finally, the space is further plagued by WSJ reports that Islamic militant groups such as as Hamas, PIJ, and Hezbollah have been funding their operations with crypto, raising over $140m of funds during the past 2 years. The obvious negative optics of this and the ongoing FTX/SBF trials have certainly not helped sentiment, and perhaps it might take a dovish Fed to turn our fortunes around in the near term if the USD gets sold.
