According to the Deputy Secretary of the US Treasury, cryptocurrencies are not the primary source of funding for terrorist groups. While speaking at an event in London, Wally Adeyemo stated that terrorist financing is evolving and that crypto provides bad actors with a new way to move their funds. Adeyemo believes that the digital asset industry needs to work with authorities to prevent the use of crypto for illegal activities. He also mentioned that the USA PATRIOT Act's Section 311 is one way to prevent terror groups from using crypto to raise funds.