Coinbase has issued a critical letter in response to accusations made by Senator Elizabeth Warren, stating that the allegations are 'simply wrong' and 'a willful misrepresentation of our intentions and efforts.' Faryar Shirzad, Chief Policy Officer at Coinbase, emphasized the company's record of rooting out illicit activity and advocating for legislation that would create clear rules for the industry. The company refuted any suggestion that it hires national security veterans to oppose crypto legislation, calling it 'ridiculous.' This comes after Senator Warren criticized the use of Central Bank Digital Currency (CBDC) and likened the Federal Reserve to 'the Death Star.'
Central Bank Digital Currency (CBDC) Update 🇺🇸 Elizabeth Warren criticized by @WarrenDavidson for pushing CBDCs; Likens The Federal Reserve to "the Death Star" https://t.co/oSvTdGPTcW 🇨🇳 China's digital yuan wallet machine allows users to exchange foreign currency banknotes for… https://t.co/myOHjkFq8M https://t.co/LJDCY4tDtK
Central Bank Digital Currency (CBDC) poses an existential threat to western civilization. Sound money serves as a stable store of value and an efficient means of exchange. CBDC consummates the corruption of money into a dystopian tool for coercion & control. Ban them.…
#Coinbase has responded to U.S. Senator #ElizabethWarren's accusations that it hires national security veterans to oppose #crypto legislation. https://t.co/ZGnzER3YqR
#Crypto Exchange Coinbase Fires Back at Senator #ElizabethWarren — Says Accusations Are Unfounded https://t.co/ZGnzER3YqR
‘Revolving Door Politics’: Coinbase Responds to Sen. Warren “Any suggestion that we are hiring these people to stop legislation is ridiculous. Coinbase has consistently advocated for legislation... that would create clear rules for the industry.” https://t.co/dWWQ8YXFeI
Coinbase Issues a Critical Letter to Senator Warren’s Allegations https://t.co/EbvQ8eHCNo
Coinbase fires back at Warren’s allegations of subverting crypto regulation https://t.co/HdErFKWJzM
ICYMI: Coinbase fires back at Sen. Elizabeth Warren: accusations “simply wrong” https://t.co/LMmTeaZMKQ
In a recent letter addressed to Senator Elizabeth Warren, Faryar Shirzad, Chief Policy Officer at Coinbase, emphasized that the recent allegations are "a willful misrepresentation of our intentions and efforts.' https://t.co/9cxQa35EPJ
*COINBASE FIRES BACK AT SEN. ELIZABETH WARREN: ACCUSATIONS “SIMPLY WRONG” - THE BLOCK
Coinbase fires back at Sen. Elizabeth Warren: accusations "simply wrong" https://t.co/twkhL1k1id
We responded to Senator Warren's letter accusing @coinbase of hiring national security veterans as a way to fight bipartisan legislation. In our response, we said that: - We are very proud of our record of rooting out illicit activity on our platform, and of our deep partnership…