BTC-Newswire

Coin Center Shrugs Off Sen. Warren’s Ex-Government Recruitment Claims

Press Releases Crypto News BeInCrypto Coin Center Shrugs Off Sen. Warren’s Ex-Government Recruitment Claims

Jerry Brito, the executive director of Coin Center, has refuted Senator Elizabeth Warren’s claim in a letter, asserting that the organization does not hire former government personnel with malicious intentions and maintaining that it is under no obligation to address questions beyond what is publicly disclosed.

“With respect, we have no obligations to answer these questions beyond the public disclosures we make under law,” he stated.

Head of Coin Center Refutes Senator Warren’s Letter

Brito, in a letter to Warren, refutes allegations that Coin Center, a non-profit dedicated to policy initiatives in the crypto industry, is subverting government authorities. Additionally, the Coin Center director contends that Senator Warren’s recent proposals of new laws concerning digital assets are complicated and serve to impede the industry collectively.

“To your specilic accusation that we are undermining bipartisan legislation, the reason we
oppose the bills you cite (the CANSEE Act and your own Digital Asset Anti-Money Laundering
Act is that they are not “common sense rules” as you style them, but are instead unfair,
unworkable, and most importantly, unconstitutional proposals.”

Despite the crypto industry’s resistance to Warren’s AML laws, an increasing number of government officials are endorsing the legislation.

Last month, five additional United States Senators expressed their support for Warren’s AML laws. Senators Warnock, Butler, and Van Hollen, members of the Senate Banking, Housing, and Urban Affairs Committee, recently joined the bill. Simultaneously, Senators John Hickenlooper and Ben Ray Luján joined as cosponsors.

Meanwhile, in the letter, Brito asserts that the organization persists in advocating for sound regulation within the cryptocurrency industry.

“As for bipartisanship, we are proud of the work we have done to find solutions that advance sound regulation for cryptocurrency busine

Go to Source to See Full Article
Author: Ciaran Lyons

Did you like this?
Tip BTC Newswire with Cryptocurrency