Blockchain Association CEO speaks about the war of the crypto industry against US lawmakers
Kristin Smith believes that the confrontation will last more than a year
![Blockchain Association CEO speaks about the war of the crypto industry against US lawmakers](https://storage.getblock.net/source/1/CnyQYQem_-m-IHtWkzVtpUbl2lVIPdiM.webp)
01.05.2023 - 15:40
237
1 min
0
AUSTIN, Texas – The crypto industry is "absolutely at war" against policy and lawmakers in the U.S., particularly against Securities and Exchange (SEC) Chairman Gary Gensler and Senator Elizabeth Warren (D-Mass.), Blockchain Association CEO Kristin Smith said during a panel Friday at Consensus 2023.
"Elizabeth Warren has an anti crypto army. She is advertising on Twitter for her campaign, that she has an anti-crypto army," Smith said during "Beltway Confidential: Inside the D.C. Crypto Scene."
Sen. Warren's controversial Digital Asset Anti-Money Laundering Act (DAAMLA) was originally introduced in December and did not go anywhere. It was met with little fanfare and considerable criticism.
Smith, however, provided a glimmer of hope for the industry during the panel, saying that a pro-crypto "army," including the Blockchain Association, are fighting "in Washington every day" for the industry. "There's a reason that Elizabeth Warren has stalled her bill [and] that's because she lost co-sponsors," Smith said. "And that was because of the lobbying effort and education effort that went on" from the pro-crypto groups."
"So we're fighting. I don't think this is a war that lasts forever, but we're going to probably be at war for the next 18 to 20 months," Smith added.
This material is taken from the website https://www.coindesk.com.
Useful material?
Market
Australia’s largest financial institutions have refused to process payments to digital asset trading platforms due to the risk of fraud
Jul 26, 2024
Politics
According to the politician, the value of the country’s bitcoin reserves should equal the value of gold reserves
Jul 26, 2024
Mining
The capacity of the Bitaxe device used by the network participant is only 500 Gh/s
Jul 25, 2024
Trends
Meanwhile, Trump-inspired assets have not shown significant growth
Jul 22, 2024
Market
The fee will be as much as 2,5% compared to 0,25-0,19% for competitors
Jul 18, 2024
Market
This is the third consecutive month of decline
Jul 18, 2024