I was amazed as I looked around & saw just how many DC powerbrokers have been hired up by crypto industry. And it& #39;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">https://www.nytimes.com/2021/05/0...
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">https://www.binance.com/en/blog/4...
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">https://blockfi.com/j-christo...
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& #39;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!
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