- Senator Elizabeth Warren opposes lobbying by Blockchain Association, Coin Center, and Coinbase (NASDAQ:COIN) on cryptocurrency regulations
- Pierre Rochard from Riot Platforms (NASDAQ:RIOT) defends Bitcoin proponents, framing Warren’s stance as an attack on the First Amendment.
- Jerry Brito responds to Warren’s letter, calling it an “impertinent letter” and a “bullying publicity stunt.”
In a recent development, Senator Elizabeth Warren has expressed strong opposition to lobbying groups’ efforts to influence the U.S. Congress on cryptocurrency regulations. The lobbying groups in question—Blockchain Association, Coin Center, and Coinbase—have been advocating for considerations in Congress, especially regarding concerns related to terrorist financing through crypto.
Warren labeled these efforts as a hindrance to legislative attempts aimed at preventing groups like Hamas from exploiting cryptocurrencies for their financial activities. According to Politico, she referred to this as a “not-so-secret weapon” that challenges lawmakers’ endeavors to curtail illicit financial activities linked to terrorism.
The debate took an interesting turn when Pierre Rochard, VP at Riot Platforms, a block…
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