The Blockchain Association, a prominent nonprofit organization advocating for the digital asset economy, has responded to US Senator Elizabeth Warren’s criticism of government-related hiring in the cryptocurrency sector. Kristin Smith, the CEO of the Blockchain Association, penned an open letter to Warren on January 9, suggesting a collaborative approach to address issues related to government officials’ involvement in the sector.
In a letter dated December 18, 2023, Smith extended the Blockchain Association’s support to assist Warren in addressing her concerns. Warren had previously expressed concerns that some state representatives might be preparing to “audition” for jobs in the cryptocurrency sector while serving the public interest. She also raised suspicions about the formation of a small group of ex-law enforcement, national security, and defense personnel by some cryptocurrency groups, with the alleged intention of obstructing the regulation of digital assets.
In her recent correspondence, Smith stated that the Blockchain Association is fortunate to have many former law enforcement, national security, and intelligence personnel among its members. She emphasized that these public servants chose to work in the emerging digital asset industry after leaving government because they value freedom and creativity.
Jerry Brito, the CEO of Coin Centre, described Warren’s letter as impertinent and a “bullying publicity stunt.” He argued that while Warren advocates for public transparency, charitable organizations should not be deprived of privacy from government intrusion.
Senator Warren, a known critic of digital assets in the United States, has supported several proposals aimed at preventing the illegal use of crypto assets for financing terrorism and money laundering. However, she has faced backlash, with some urging her to adopt a more positive stance towards financial independence.
In December 2023, Coinbase, a major American cryptocurrency exchange, denied Warren’s allegations that it hired former government employees to obstruct the development of laws governing digital assets.
Other notable news in the crypto sector includes BitGo’s $100M lawsuit against Galaxy Digital for exiting the merger, COMP’s price prediction for February 2023, a legal battle at Gala Games where the CEO and co-founders are suing each other, and DREP’s price analysis for January 2023.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | negative |
| Relevance Score | 1 |
| People | Kristin Smith, Jerry Brito, Elizabeth Warren |
| Companies | Coin Centre, BitGo, Coinbase, Gala Games, Galaxy Digital, The Blockchain Association |
| Currencies | None |
| Securities | None |
