Coin Center, a prominent cryptocurrency advocacy group, has recently responded to United States Senator Elizabeth Warren‘s criticisms regarding its employment practices. The organization’s response comes after Senator Warren expressed concerns about the trend of hiring former government officials in the crypto industry.

Coin Center’s Firm Stance Against Accusations

Jeremy Brito, the director of Coin Center, took a firm stand against the allegations posed by Senator Warren. In a recent correspondence, Brito clearly stated the organization’s decision to decline further comment on the questions raised by the Senator. This response follows the Senator’s inquiry into hiring former government and law enforcement officials by cryptocurrency organizations, including the Coin Center. Warren’s letter, sent out on December 18, was prompted by an article in Politico highlighting Coinbase’s hiring practices.

Brito emphasized the legal and constitutional rights of the Coin Center in his response. He pointed out that the organization adheres to public disclosure requirements under the law, highlighting the importance of civility, respectful debate, and adherence to the rule of law in a constitutional republic. Coin Center’s response reflects a broader sentiment in the crypto industry, which has been critical of Senator Warren and Senator Roger Marshall’s approach to the Digital Asset Anti-Money Laundering Act.

The Broader Context of the Crypto Industry’s Response

Coin Center’s stance is not isolated since both Coinbase and the Blockchain Association, also addressed by Senator Warren, have similarly declined to answer questions about their hiring policies. This collective stance by major players in the cryptocurrency sector underscores a growing tension between the industry and certain legislative approaches.

While acknowledging the legality of the hiring practices, Senator Warren’s critique pointed to significant gaps in the nation’s ethics laws. According to Warren, these laws allow former government officials to transition seamlessly into roles in the private sector, potentially influencing federal policy in ways that could be seen as conflicting with their previous public service roles.

 

Read Also: Coinbase’s SEC Case: Early Dismissal Unlikely, Experts Say

The post Coin Center Rejects Sen. Warren’s Critique on Employment Ethics appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am