US Senator Accuses Encryption Industry of "Revolving Door" Abuse, Coinbase Counters: Don't Be a Scapegoat in History!

Last week, US Senator Elizabeth Warren released an open letter accusing cryptocurrency companies of employing a small army consisting of former officials from the Defense Department, National Security Agency, and law enforcement agencies, which she referred to as a “revolving door” system. This system allegedly aims to resist regulation and undermine the efforts made by Congress and the Biden administration to address the issues surrounding the role of cryptocurrencies. In her letter, Elizabeth Warren concludes that this situation poses a threat to national security and calls for immediate action.

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