| Cryptocurrency | Price (USDT) |
|---|---|
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| ETH | $2439.8080000000 |
| BNB | $650.7701300000 |
| XRP | $2.1982860000 |
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| LTC | $85.1842000000 |
| LINK | $13.0665300000 |
Category: CRYPTO NEWS
The post Warren, Gensler Tried to ‘Unlawfully Kill’ Crypto appeared on BitcoinEthereumNews.com. Coinbase CEO Brian Armstrong and technology billionaire Elon Musk have accused prominent political figures, including Senator Elizabeth Warren and SEC Chair Gary Gensler, of orchestrating a “mass debanking” campaign targeting the technology and cryptocurrency sectors during the Biden administration. Their remarks follow revelations about secretive actions that allegedly resulted in the closure of bank accounts for dozens of tech entrepreneurs without notice or recourse. Crypto Leaders Strong Rebuke of the Biden Administration In a post on X (formerly Twitter), Armstrong labeled the debanking incidents as “unethical and un-American.” He pointed fingers at Warren and Gensler, accusing them of attempting to “unlawfully kill” the cryptocurrency industry. Brian Armstrong argued that such actions contributed to the Democratic Party’s loss in the recent election. The Coinbase executive cautions the party to distance itself from Warren if it seeks political recovery. He also revealed that Coinbase is using Freedom of Information Act (FOIA) requests to uncover the full scope of the issue, raising questions about potential legal violations. “We’re still collecting documents via FOIA requests, so hopefully the full story emerges of who was involved and whether they broke any laws. Warren and Gensler tried to unlawfully kill our entire industry, and it was a major factor in the Dems losing the election,” Armstrong stated. Armstrong’s remarks amplified a controversy shared by Elon Musk, who was known for his advocacy of free speech and innovation. The SpaceX CEO referenced a Joe Rogan interview with Marc Andreessen, co-founder of Andreessen Horowitz. “Did you know that 30 tech founders were secretly debanked?” Musk remarked. In the interview, Andreessen alleged that 30 tech founders were “secretly debanked,” describing it as an exercise of “silent government power.” This raises attention to the lack of transparency and warns of broader implications for freedom and innovation. Custodia Bank’s Caitlin Long…
2024-11-29T09:30:11+00:00
https://bitcoinethereumnews.com/crypto/warren-gensler-tried-to-unlawfully-kill-crypto/?utm_source=rss&utm_medium=rss&utm_campaign=warren-gensler-tried-to-unlawfully-kill-crypto