The Blockchain Association rejected rigorous scrutiny of Sen. Elizabeth Warren’s government hiring in a letter to Massachusetts Democrats on Tuesday.
The group’s letter is in response to: letter Warren sent a letter last month accusing the Blockchain Association and other industry groups of “wielding a not-so-secret weapon” by hiring former Defense Department and law enforcement officials in an attempt to undermine congressional efforts to address the role of cryptocurrencies in financing. sent. terrorist group.
In her letter, Warren requested information about how many former military personnel, civilian government officials and members of Congress currently work for the association and what their responsibilities are. Kristin Smith, CEO of the Blockchain Association, said in a letter sent Tuesday that the group does not currently employ anyone on that list, but added that they are members.
“While the Blockchain Association is not currently hiring anyone with the qualifications listed in your first question, we are fortunate and proud to count former military, national security, intelligence officers, and law enforcement professionals among our members,” Smith said. “He said.
“After leaving government, these public servants could choose from a host of career opportunities they deserved. But they were drawn to working in the emerging digital asset industry because they value freedom, creativity, individual sovereignty, and permissionless innovation.” said Smith. Added.
Backlash to Warren’s approach
In his letter, Smith rejected Warren’s legislative efforts to regulate cryptocurrencies.
Warren, who has often been critical of the cryptocurrency industry, reintroduced the Digital Asset Anti-Money Laundering Act last year, which aims to expand Bank Secrecy Act requirements, including know-your-customer rules, to miners, validators, wallet providers and others.
Smith said there are enormous costs to enforcing the Bank Secrecy Act on individuals and users.
“(The) Blockchain Association and the individuals that make up its membership plan to continue exercising their constitutional rights by petitioning the government and speaking freely on this issue,” Smith said.
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