Summary
Crypto industry policy group Coin Center is pushing back against pressure from Senator Elizabeth Warren, who questioned the group’s opposition to her anti-crypto legislative efforts. Coin Center’s executive director, Jerry Brito, stated that there was no obligation to answer questions posed by Warren, as it discourages participation in important public policy debates. Warren accused Coin Center, the Blockchain Association, and crypto exchange Coinbase of stonewalling rules to restrict the use of crypto for terror financing. Coin Center regards the proposed bills as unconstitutional and argues that opposing them is patriotic. Brito also questioned why Warren does not focus on securing more funding for crypto enforcement units if she is concerned about terror financing.
Key Points
1. Crypto industry policy group Coin Center is pushing back against pressure from Sen. Elizabeth Warren (D-MA) regarding her anti-crypto legislative efforts.
2. Coin Center’s executive director, Jerry Brito, argues that there is no obligation to answer Sen. Warren’s questions, which he believes discourage participation in important public policy debates.
3. Coin Center regards Sen. Warren’s proposed bills, the Crypto-Asset National Security Enhancement and Enforcement Act and the Digital Asset Anti-Money Laundering Act, as unfair, unworkable, and unconstitutional. They believe opposing these bills is not only proper but also patriotic.