Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Coinbase counters Senator Warren’s claims
ADOPTION NEWS

Coinbase counters Senator Warren’s claims

By Crypto FlexsDecember 25, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Coinbase counters Senator Warren’s claims
Share
Facebook Twitter LinkedIn Pinterest Email

Recently, cryptocurrency exchange Coinbase Confront Suspicions raised by Senator Elizabeth Warren regarding the hiring of former government officials. Warren’s argument suggests that these hirings could hinder progress in digital asset regulation. Coinbase, represented by Chief Policy Officer Faryar Shirzad, has strongly denied these claims. In his response dated December 22, 2023, Shirzad emphasized that Coinbase is responsible and actively advocating for regulatory action within the cryptocurrency industry. Contrary to Warren’s claims, he argued that accusations of undermining bipartisan cryptocurrency legislation were baseless and misrepresented Coinbase’s intentions. Shirzad emphasized the exchange’s pride in its team of national security experts dedicated to protecting Americans. According to Coinbase, the hiring is part of a broader plan to protect the well-being of cryptocurrency users in the United States. In a letter to Coinbase and other industries, Senator Warren pointed out the recruitment of high-profile figures such as former Secretary of Defense Mark Esper and Bush counter-terrorism adviser Francis Townsend. These individuals currently serve on Coinbase’s Global Advisory Board. Warren argued that her goal was to establish a semblance of legitimacy while resisting regulations designed to limit the use of cryptocurrencies to finance terrorism, which she criticized as exploiting a “revolving door.” In response to Warren’s concerns, Coinbase emphasized the quality of employment and supported “responsible regulation and legislation” in the cryptocurrency space. The company also warned of the potential risks of pushing cryptocurrency legislation overseas, similar to the semiconductor and mobile phone technology sectors. Moreover, Coinbase invited Warren for a comprehensive briefing on their efforts to combat terrorist financing. Blockchain Association CEO Kristin Smith and Coin Center Executive Director Jerry Brito also responded to Warren’s letter, emphasizing the fundamental right to associate and petition the government. They emphasized the importance of engaging industry experts to defend legislative proposals they believe are unconstitutional and harmful. The debate between Coinbase and Senator Warren highlights the complex dynamics of regulation in the fast-growing cryptocurrency market. While Coinbase claims a commitment to responsible regulation and user protection, Warren’s concerns reflect broader concerns about the intersection of former government officials and industry lobbying efforts. This dispute highlights the ongoing tension between the cryptocurrency industry’s aspirations for autonomy and governments’ regulatory goals.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRX Price Prediction: TRON targets $0.35-$0.62 despite the current oversold situation.

October 26, 2025

BTC RSI hits April low as Coinbase premium turns red.

October 18, 2025

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Stake USDT To Earn BTC With Up To 600% APR

October 28, 2025

Coinbase Acquires Echo, Leading On-Chain Capital Raising Platform in $375 Million Deal

October 28, 2025

US Bitcoin reports holdings of 3,865 BTC after recent acquisition

October 27, 2025

Swiss Bitcoin App Relai Acquires MiCA License In France

October 27, 2025

Tapzi Presale Gains Traction with DeepSnitch AI and Bitcoin Hyper

October 27, 2025

The first extension for Solana developers

October 27, 2025

River Public Sale – 48-Hour Dutch Auction Lowest Price Settlement, Claim And Refund Instantly After End

October 27, 2025

Jiuzi Holdings, Inc. Partners With SOLV Foundation On $2.8B TVL Bitcoin Initiative To Advance Crypto Treasury Strategy

October 27, 2025

Why Elon Musk’s SpaceX transferred $133 million in Bitcoin

October 27, 2025

Stablecoin payments reach $10 billion with mainstream adoption

October 26, 2025

Ethereum Rebounds from Bull Market Support: Can It Conquer the ‘Pocket of Gold’ Next?

October 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Stake USDT To Earn BTC With Up To 600% APR

October 28, 2025

Coinbase Acquires Echo, Leading On-Chain Capital Raising Platform in $375 Million Deal

October 28, 2025

US Bitcoin reports holdings of 3,865 BTC after recent acquisition

October 27, 2025
Most Popular

Psy Protocol Testnet Combines Internet Scale And Speed With Bitcoin-Level Security

October 2, 2025

New modular blockchain altcoin surges more than 96% within two days of mainnet launch

February 10, 2024

BITFARMS is partner relationship with ASG and WWT to improve HPC/AI function.

February 2, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.