Coinbase Responds to Sen. Elizabeth Warren’s Accusations
Coinbase has issued a response to Sen. Elizabeth Warren’s allegations that the company is avoiding regulation by hiring former government and law enforcement officials in a “revolving door” system.
In its response, Coinbase refutes Warren’s claims, stating that the hires represent top talent and emphasizing their support for responsible regulation in the cryptocurrency industry.
The company also highlights its Global Advisory Council, which provides strategic insight and advice. This council was mentioned by Warren in her letter, as it included former elected officials.
Furthermore, Coinbase warns about the potential negative consequences of driving crypto legislation offshore and invites Warren to a briefing on their commitment to combating terrorist financing.
Sen. Warren’s Office Unavailable for Comment
As of now, there has been no response from Sen. Warren’s office regarding Coinbase’s letter.
Hot Take: Coinbase Defends Itself Against Accusations
Coinbase strongly rebuts Sen. Elizabeth Warren’s accusations of evading regulation through their hiring practices. They assert that their hires are highly skilled individuals and emphasize their dedication to responsible regulation in the cryptocurrency space. Coinbase also addresses the concerns raised about their Global Advisory Council, highlighting its value in providing strategic guidance. Additionally, they caution against the potential drawbacks of pushing crypto legislation offshore and extend an invitation to discuss their efforts in combatting terrorist financing. While Sen. Warren’s office has not yet responded, Coinbase stands firm in defending its actions.
By
By
By
By