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 property 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 had been recruiting a “small military” of officers to bypass the Biden Administration’s efforts to handle 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 had 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 knowledge again within the fingers of people as an alternative of enormous firms, and supply new wealth-building alternatives exterior of Wall Road by means of direct possession of property.”
Smith additionally says crypto has the ability to handle Warren’s expressed considerations concerning the encroaching energy of massive banks over Individuals.
“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 individuals. At its core, crypto know-how displays and enhances elementary values integral to our nation.”
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