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I was amazed as I looked around & saw just how many DC powerbrokers have been hired up by crypto industry. And it's not just lobbyists. The "shadow lobbyists" too like Teneo, which assigned a former top Treasury official to work his magic to fight SEC case https://www.nytimes.com/2021/05/09/us/politics/cryptocurrency-regulation-sec-ripple-labs.html
A few examples. Binance hires former Senate Finance Chairman Max Baucus. https://www.binance.com/en/blog/421499824684901776/binance-hires-former-us-senator-max-baucus-as-policy-and-government-relations-advisor
BinanceUS hires former acting head of Office of Comptroller of the Currency--i.e. one of the top banking regulators in the United States. https://www.businesswire.com/news/home/20210420005620/en/Former-Acting-Comptroller-of-the-Currency-Brian-P.-Brooks-to-Join-Binance.US-as-Chief-Executive-Officer
BlockFi puts just departed chairman of the Commodities Futures Trading Commission on its board. https://blockfi.com/j-christopher-giancarlo-former-cftc-chairman-joins-blockfi-board-of
Just departed chairman of the Securities Exchange Commission? Where does he go, after kicking off enforcement action vs Ripple? To One River, a company that is a major investor in Bitcoin, a Ripple competitor. And Clayton joins who else at One River? Jon Orszag & Kevin Hassett
You want more examples? Who is Ripple's lawyer, defending it against SEC charges? The former chairwoman of the S.E.C., Mary Jo White. She is working along side former SEC enforcement chief (Andrew J. Ceresney) in defending Ripple. SEC website still lists him in the job!
READ THE STORY. Bottom line: As the stakes have grown, so has the recognition that crypto’s future will be shaped in Washington, prompting a rush to scoop up well-connected lobbyists, lawyers and consultants https://www.nytimes.com/2021/05/09/us/politics/cryptocurrency-regulation-sec-ripple-labs.html
