The Blockchain Association Responds to Senator Warren’s Accusations
In response to U.S. Senator Elizabeth Warren’s claims that former U.S. security officials collaborating with the Blockchain Association aim to weaken the country’s ability to catch and prosecute enemies, the nonprofit organization has clarified that it does not employ anyone with the listed credentials. Instead, the association counts many former military, national security, intelligence officers, and law enforcement professionals as members. Warren expressed concern over the Blockchain Association’s employment of former officials and called for details of their work on behalf of the organization. However, the association explained that these officials chose to work in the crypto space because they value freedom, creativity, individual sovereignty, and permissionless innovation.
Crypto Values as American Values
The Blockchain Association defended its efforts to prevent Senator Elizabeth Warren from passing anti-crypto laws, stating that crypto values are American values and must be protected. The association also believes that crypto has the potential to challenge or compete with the “Too Big to Fail” banks. In terms of fighting terrorism, the association highlighted the transparency and traceability of blockchain technology as tools that can enhance the capabilities of national security professionals. It emphasized the importance of building the next generation of financial technology on public blockchains instead of relying on outdated systems that have proven ineffective against money laundering and terrorist financing.
Hot Take: The Blockchain Association Refutes Warren’s Accusations
Despite Senator Elizabeth Warren’s accusations, the Blockchain Association asserts that it does not employ former U.S. security officials who seek to weaken national security efforts. Instead, the association consists of individuals from various security backgrounds who are drawn to the crypto industry due to their belief in freedom, sovereignty, and innovation. The association defends its stance against anti-crypto legislation, stating that crypto values align with American values and have the potential to challenge large banks. Furthermore, the association highlights the advantages of blockchain technology in enhancing national security tools. Overall, the Blockchain Association emphasizes its commitment to advancing the crypto industry while maintaining security and integrity.
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