Coinbase Says Senator’s Claims the Firm Is Undermining Bipartisan Legislation Are ‘Unfounded’ in New Open Letter

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Top US-based crypto exchange Coinbase is countering Senator Elizabeth Warren’s claim that the firm is undermining bipartisan legislation.

In a new thread on the social media platform X, Coinbase chief policy officer Faryar Shirzad says Warren’s claim that the firm is hiring national security veterans as a means of combating bipartisan legislation has no merit.

“We are very proud of our record of rooting out illicit activity on our platform, and of our deep partnership with law enforcement in going after bad guys. Our success stems from hiring national security and law enforcement veterans who help us do everything we can to protect the American people.

Any suggestion that we are hiring these people to stop legislation is ridiculous. In fact, Coinbase has been consistently advocating for legislation like FIT21 (The Financial Innovation and Technology for the 21st Century Act) that would create clear rules for the…

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