Overview

• Crypto industry policy group Coin Center has refused to answer questions posed by Sen. Elizabeth Warren, arguing that her accusations discourage participation in important public policy debates.
• Sen. Warren accused Coin Center and other crypto entities of hiring former defense and law enforcement officials to undermine legislative efforts aimed at preventing crypto’s alleged use in terror financing activities.
• Coin Center has labeled the proposed bills as unfair, unworkable, and an infringement on constitutional rights, stating that opposition to them is not just proper, but indeed patriotic.
• Coin Center suggests that resources could be better allocated to bolstering enforcement agencies like FinCEN, the FBI, and the DOJ’s crypto units, rather than pursuing the proposed legislation.
• Sen. Warren's office was closed for the Martin Luther King Jr. holiday and has not yet responded to Coin Center's rebuttal.