Famous crypto advocate Max Keiser accused cryptos such as Ethereum, XRP, BNB and ADA of financing terrorism. These harsh words sparked controversy in the cryptocurrency community.
Max Keizer’s controversial claims about Ethereum and cryptocurrencies
Famous crypto advocate Max Keiser recently surprisingly targeted some cryptos. Keizer made provocative statements about these. In these statements, Keizer claimed that these funds financed terrorism. These statements drew strong reactions from both supporters and critics. The reactions sparked a firestorm of debate in the cryptocurrency space. In particular, the crypto community closely watched Australian lawyer Bill Morgan’s response to Keizer’s comments. Meanwhile, Morgan’s comment added fuel to the fire.
The US Treasury Department imposed sanctions on ten key members, operatives and financial facilitators of Hamas on October 18, 2023, aimed at disrupting their sources of revenue. Thereupon, Max Keizer expressed his opinions on Twitter. Keizer said that cryptocurrencies such as Ethereum, XRP, BNB, ADA and others are produced by what he described as “financial terrorists” and are used to support terrorism.
Strong words to Ethereum and its leading crypto founders!
By the way, Max Keiser didn’t stop there. He called for decisive action, demanding that those associated with these cryptocurrencies be imprisoned for their alleged involvement, including individuals such as Brad, Charles, Brock, Vitalik, Cynthia, and more. It should be noted that the people Keiser mentioned are prominent names in the cryptocurrency industry, such as Brad Garlinghouse from Ripple, Charles Hoskinson from Cardano, Brock Pierce from EOS, Ethereum co-founder Vitalik Buterin and US Senator Cynthia Lummis.
However, Keizer did not forget to make an exception for Bitcoin. He sees it as designed to challenge the authority of central banks and negative government actors. In this vein, he describes Bitcoin as a unique, man-made, highly limited crypto asset. He even refers to Bitcoin as “God’s money.”
Bill Morgan and the crypto community react
Bill Morgan, an Australian lawyer who is well known in the crypto industry, could not resist the words of Max Keiser, who blamed Ethereum and similar cryptocurrencies. Morgan dismissed Keiser’s comments, humorously saying, “Max is having another Altcoin thing.” Meanwhile, Keizer’s comments sparked intense debate within the crypto community. While some defended his right to express his views, others strongly opposed his claims. The use of cryptocurrencies for illegal activities has long raised concerns. It is also subject to regulatory scrutiny. Now Keizer’s statements have strengthened these discussions.
In particular, a recent report from the Wall Street Journal stated that the US Treasury Department plans to identify international cryptocurrency mixers and digital asset platforms that offer anonymity to users as potential hubs for money laundering. Because there are allegations that Hamas uses cryptocurrencies to finance its activities.
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