Blockchain Association Addresses Sen. Warren’s Criticism of Crypto Hires

cryptonews.com:

The Blockchain Association has published a public response to Senator Elizabeth Warren’s criticism of the crypto industry’s hiring of former government officials.

In an open letter published on January 9th, Blockchain Association CEO Kristin Smith addressed Sen. Warren’s previous comments, offering the Association’s “partnership” and stating that her organization would be receptive to engaging in discussions “in an open and transparent manner.”

Sen. Warren had previously sent letters to crypto advocacy groups – including Blockchain Association and Coin Center – on December 18th last year, arguing that crypto was behind the financing of terrorist organizations such as Hamas, and suggesting that many government officials were preparing to “audition” for digital asset lobbying positions while still holding office.

In her letter to Warren, Smith said the Blockchain Association was “fortunate and proud” to consider many former military, national security, intelligence officers, and law enforcement individuals among its membership.

“After leaving government, these public servants could have chosen from myriad, well-deserved professional opportunities. But they were drawn to work in the emerging digital asset industry because they value freedom and creativity,” Smith said.

“We believe crypto values are American values,” Smith continued. “Blockchain technology has demonstrated the potential to enhance financial inclusion  […] and provide new wealth-building opportunities outside of Wall Street through direct ownership of assets. At its core, crypto technology reflects and enhances fundamental values integral to our country.”

Smith also asserted that the “enormous costs” of enforcing the Bank Secrecy Act would “far outweigh any