Crypto advocacy group Blockchain Affiliation has responded to a letter from Elizabeth Warren that the Senator wrote to the group in December, alleging that the digital belongings business was attempting to undermine the federal government by recruiting former US lawmakers and officers.
In December, Warren referred to a Politico report that claimed that the Blockchain Affiliation and different gamers of the business have been recruiting a “small military” of officers to avoid the Biden Administration’s efforts to deal with perceived issues with the crypto area.
In a brand new letter, Blockchain Affiliation CEO Kristin Smith says that ex-government officers have chosen to work within the crypto as a result of the business’s values overlap with theirs.
“After leaving authorities, these public servants may have chosen from myriad, well-deserved skilled alternatives. However they have been drawn to work within the rising digital asset business as a result of they worth freedom and creativity, sovereignty of the person, and permissionless innovation.
We consider crypto values are American values. Blockchain know-how has demonstrated the potential to reinforce monetary inclusion, put management of person information again within the fingers of people as an alternative of enormous firms, and supply new wealth-building alternatives exterior of Wall Road via direct possession of belongings.”
Smith additionally says crypto has the ability to deal with Warren’s expressed considerations in regards to the encroaching energy of massive banks over People.
“We additionally consider this know-how has the power to disrupt or in any other case compete with gatekeeper “Too Massive To Fail” banks who’ve confirmed time and once more their intention to place earnings over folks. At its core, crypto know-how displays and enhances basic values integral to our nation.”
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