Crypto firms have a “revolving door” of ex-law enforcement and federal officials, according to one US senator who alleges these recruits are being unfairly used to block policy.
Senator Elizabeth Warren, D-Mass., says crypto companies and lobbying groups that hire and partner with former government workers are undermining lawmakers’ bipartisan efforts to regulate the industry.
In a letter sent Monday evening to crypto exchange Coinbase and lobby groups Coin Center and the Blockchain Association, Warren said the industry’s recruitment strategy is harming progress in Washington.
Warren cited a November Politico article in which the author claims the crypto industry is…
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