Coin Center Issues Response to Senator Elizabeth Warren's Critical Letter

Coin Center Addresses Allegations by Senator Elizabeth Warren

Coin Center, a crypto non-profit, has responded to Senator Elizabeth Warren’s claims that the organization was working against bipartisan efforts in Congress by hiring former defense, national security, and law enforcement officials.

Coin Center Pushes Back

The Executive Director of Coin Center, Jerry Bitro, posted a letter rebuking Warren’s demands for the organization to reveal its hiring practices. Bitro stated that Coin Center has no obligation to answer these questions beyond the public disclosures made under the law. He also criticized Warren for publicly chastising Coin Center in her letter, which was sent to Coinbase and the Blockchain Association as well.

“Unfair, Unworkable, and Unconstitutional Proposals”

Warren is advocating for two bills that Coin Center opposes: the Crypto-Asset National Security Enhancement and Enforcement Act, and the Digital Asset Money Laundering Act. In response, Bitro argues that these bills are unfair, unworkable, and unconstitutional proposals. He emphasizes that good policy-making requires diverse voices and perspectives rather than baseless accusations.

Leaving the Door Open to Future Engagement

Coinbase’s Chief Policy Officer and the Blockchain Association have also responded to Warren’s accusations. Both organizations deny her claims and express their commitment to responsible legislation and regulation in the cryptocurrency space. They leave the door open for further discussions with Senator Warren regarding challenges in the crypto industry.

Hot Take: Coin Center Stands Firm Against Senator Warren’s Claims

Coin Center has firmly defended itself against allegations made by Senator Elizabeth Warren. The crypto non-profit rejected demands to disclose its hiring practices and criticized Warren for publicly chastising them. Furthermore, Coin Center opposes two bills advocated by Warren, stating that they are unfair, unworkable, and unconstitutional. Despite the accusations, Coin Center, Coinbase, and the Blockchain Association remain open to future engagement with Senator Warren to address challenges in the cryptocurrency industry.