Senator Elizabeth Warren is lashing out at the crypto industry for partnering with other government officials to expose her misinformation around crypto.
Senator Elizabeth Warren is very upset that the crypto industry is going and partnering with other former government officials to expose her lies and misinformation.
She recently sent letters to Coinbase, the Blockchain Association, the Chamber of Digital Commerce, Coin Center, and many others.
Read: US Senator Elizabeth Warren Releases New Anti-Crypto Bill – Is Crypto In Danger?
Crypto Advocacy Groups Fights Back
Kristin Smith, the CEO of the Blockchain Association, gave a rundown of what is going on. She said, “I received a letter from Sen. Warren criticizing a recent letter to Congress cosigned by dozens of former US military, intelligence officers, and national security professionals.”
She added, “In short, Sen. Warren’s letter questions former military and law enforcement participation in our industry and their involvement in the Nov. 15 letter to “undermine” her efforts to drive American crypto companies offshore through unworkable and misguided legislation.”
Senator Elizabeth Warren is currently lobbying for the banks — we saw her alignment with the CEO of JPMorgan Chase, Jamie Dimon, and this is all part of her plan to paint crypto in a bad light.
The fact that she is sending letters to these advocacy or lobbying groups, who are partnering with government officials and professionals who understand how all these things work.
But we know Elizabeth Warren — she wants to spread misinformation. The point is, bad actors, whether it be Hamas or whoever it is, will use any form of currency to fund their operations. Before crypto existed, bad actors were using cash, gold, or anything that has value. And primarily, the majority of illicit transactions are done in fiat.
Senator Warren is trying to paint the picture that crypto is the genesis of all this — crypto is where all the bad guys came from, and crypto is only used for nefarious activities for criminals. Obviously a big lie. And she got Jamie Dimon to push that lie just a couple weeks ago.
Alexander Grieve, the Government Affairs at Paradigm, said, “It increasingly seems as though the strategy of crypto opponents in DC is to no longer to win on the merits an argument, but to attack the credibility of the messenger. Senator Warren took this approach last night, with letters to Coinbase, Blockchain Association, & Coin Center.”
Read: US Senator Elizabeth Warren’s Lies Regarding Crypto & Hamas Exposed – Details
Senator Marshall Exposes Banks Wrote Elizabeth Warren’s Anti-Crypto Bill
Speaking of Elizabeth Warren’s bill, Senator Roger Marshall said the quiet part out loud. And the Chamber of Digital Commerce released a video where he highlighted that her bill was written by the American Bankers Association.
Here’s what Alex Chizhik, Chief Operating Officer of the Digital Chamber of Commerce had to say as he highlighted a quote from Senator Marshall’s speech, “The first thing we did is go to the American Bankers Association and said ‘help us craft this’. Thanks Senator Marshall for at least telling us the truth about who actually wrote your and Senator Warren’s bill. How collusive of you!”
Read: Crypto Industry Pledges $78M To Elect Pro-Crypto Candidates In 2024
Final Thoughts
Now, we are seeing in a very clear picture that Elizabeth Warren is lobbying for the banks. She has lied to the public for years, and you can imagine the paychecks she is getting from these banks, doing their bidding.
The fact that the industry ruffled her letters and she has to attack the messengers shows the crypto industry is winning. In the recent article, we talked about the $78 million that was donated for the pro-innovation and pro-crypto political candidates — and that was a pool of money that came from multiple companies and blockchain leaders in the industry, such as Coinbase, Ripple, Andreessen Horowitz, and so forth. So that in itself is a big chess piece move, and the fact that Elizabeth Warren is doing this, we are winning.