U.S. Senator Elizabeth Warren highlights criticism of crypto industry in new letter regarding government employees

Sen. Elizabeth Warren, D-Mass., stepped up her critical rhetoric against the crypto industry in a new letter she sent to industry groups and the Coinbase exchange. In a letter to the crypto advocacy group Coin Center, she accused industry groups of "drawing on a not-so-secret weapon" of hiring former defense and law enforcement officials in an attempt to undermine Congress' response to the role of cryptocurrencies in funding terrorists, including Hamas. role in the organization. Elizabeth Warren said in a letter to Coin Center on Monday: “This revolving door abuse is shocking and shows that the crypto industry is spending millions of dollars to give itself a veneer of legitimacy while fighting to thwart attempts to Common-sense rules limiting the use of cryptocurrencies for terrorist financing — rules that could cut into crypto companies’ profits.” The letter was also sent to the Blockchain Association and Coinbase, Politico reported. (The Block)