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 making an attempt 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 have been recruiting a “small military” of officers to avoid the Biden Administration’s efforts to deal with perceived issues with the crypto house.
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 have 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 imagine crypto values are American values. Blockchain expertise has demonstrated the potential to boost monetary inclusion, put management of person information again within the fingers of people as a substitute of huge companies, and supply new wealth-building alternatives outdoors of Wall Road by means of direct possession of property.”
Smith additionally says crypto has the ability to deal with Warren’s expressed concerns concerning the encroaching energy of huge banks over Individuals.
“We additionally imagine this expertise has the flexibility to disrupt or in any other case compete with gatekeeper “Too Large To Fail” banks who’ve confirmed time and once more their intention to place income over individuals. At its core, crypto expertise displays and enhances elementary values integral to our nation.”
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