The Friction between Faryar Shirzad and Senator Warren Continues: Shirzad Denies The Allegations

Crypto News – Senator Elizabeth Warren of Massachusetts accused cryptocurrency firm Coinbase of using former government employees to obstruct the development of laws governing digital assets. Coinbase has refuted these claims.

The Friction between Faryar Shirzad and Senator Warren Continues: Shirzad Denies the Allegations

Senator Warren’s allegations were refuted by Coinbase’s Chief Policy Officer, Faryar Shirzad, in a letter dated December 22. Shirzad stated that Coinbase is still actively and responsibly pushing for regulations pertaining to the cryptocurrency space.

Your claim that Coinbase is attempting to undermine bipartisan legislation related to cryptocurrency is simply wrong. Your accusations are not only unfounded but a willful misrepresentation of our intentions and efforts.

Shirzad

Shirzad added that the exchange’s hiring of government employees is a component of a larger program designed to protect American cryptocurrency consumers’ welfare.

We take immense pride in our team of national security experts, who dedicate themselves daily to protecting Americans,

the letter

Warren Thinks Coinbase’s Global Advisory Council is an Example of Abuse

A lot of public servants might be setting the stage while serving as volunteers to audition for jobs fighting for digital assets, according to Warren‘s letter. She gave the example of Coinbase’s Global Advisory Council.

This abuse of the revolving door is appalling, revealing that the crypto industry is spending millions to give itself a veneer of legitimacy while fighting tooth and nail to stonewall common sense rules designed to restrict the use of crypto for terror financing – rules that could cut into crypto company profits.

Warren’s letter