A “Patriotic” Response To “Unconstitutional” Demands, Crypto Think Tank Fires Back
US Senator Elizabeth Warren recently expressed her concerns about Coin Center, a crypto think tank, amassing a “small army” of former ex-government officials. In response, Coin Center sent the senator a letter asserting that they have no obligation to answer her questions beyond their public disclosures. They emphasized their commitment to constitutional rights such as free speech and petitioning the government, stating that Warren’s letter discourages participation in public policy debates. Coin Center also criticized legislative proposals like the CANSEE Act and the Digital Asset Anti-Money Laundering Act, deeming them unfair and unconstitutional. They believe their opposition is being misunderstood as political bias.
Coin Center: “The Abuse Of The Revolving Door”
Senator Warren raised concerns about former government officials leaving their positions and working as lobbyists or advisers for industries they were involved with during their tenure. She asked Coin Center to provide details about former government officials employed by the organization. However, Coin Center politely declined to offer further answers but expressed willingness to engage in respectful policy discussions. They criticized the lack of enforcement in addressing this gap and called for more funding for agencies involved in crypto enforcement. Coin Center reiterated their commitment to finding solutions and supporting sound regulation for cryptocurrency businesses.
Hot Take: Coin Center Stands Firm Against Senator Warren’s Inquiries
US Senator Elizabeth Warren’s inquiries into Coin Center’s activities have been met with a firm response from the crypto think tank. Coin Center has asserted its commitment to constitutional rights and defended its opposition to legislative proposals it deems unconstitutional. While declining to provide specific details about former government officials employed by the organization, Coin Center remains open to further discussions with Senator Warren. The think tank believes that diverse voices and perspectives are essential for sound policymaking and will continue its efforts to support the cryptocurrency industry while advocating for sensible regulations.
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