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<p>A letter backing the Clarity Act sent by the Blockchain Association to the leaders of the US Congress has sparked debate due to the profile of its signatories. The association announced that the letter was signed by 160 former officials from national security, intelligence, and law enforcement backgrounds. However, several journalists and commentators have pointed out that many signatories currently work at leading cryptocurrency firms, casting doubts on the independence of the support.</p>
<h2 id="context-and-message-of-the-letter">Context and message of the letter</h2>
<p>The Blockchain Association stated that the letter was addressed to Senate Majority Leader John Thune and Senate Democratic Leader Chuck Schumer. According to the organization, regulatory clarity over the structure of the digital asset market is not only a financial concern but also a matter of national security and law enforcement. The association argued that clear rules would help bring activities under US oversight, strengthen consumer protection, and make it easier for investigators to track malicious actors.</p>
<p>Mini glossary: The Clarity Act refers to a proposed US law designed to clarify which regulatory agency oversees the digital asset market and to define the legal framework for tokens.</p>
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 <p>The association emphasized that the letter demonstrates the structure of the digital asset market is a key national security and law enforcement issue, and that transparent rules assist investigators in catching bad actors.</p>
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<h2 id="criticism-over-signatory-list">Criticism over signatory list</h2>
<p>Much of the criticism has centered on whether the letter genuinely represents independent law enforcement support. Brendan Pedersen, a journalist recognized for covering the sector, highlighted that many on the list currently draw salaries from or represent the crypto industry. Pedersen said that in a brief review, he identified nine Coinbase-affiliated individuals in only about 15 minutes.</p>
<p>Among those named were Coinbase Chief Policy Officer Faryar Shirzad, employees from Coinbase’s Global Intelligence unit, and members of the company’s financial crimes legal team. This overlap led some critics to suggest that corporate lobbying is being presented under the appearance of law enforcement endorsement.</p>
<h2 id="responses-defending-the-signatories">Responses defending the signatories</h2>
<p>Alexander Grieve, a prominent crypto policy advocate, pushed back against these allegations. Grieve argued that the current private sector positions of these individuals do not invalidate their prior experience in law enforcement or national security. He also suggested that there is a double standard in financial journalism, noting that former law enforcement employees working at banks are accepted as credible voices, while similar affiliations in crypto draw scrutiny.</p>
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 <p>Alexander Grieve defended that private sector employment does not negate individuals’ previous law enforcement backgrounds, and pointed out that ex-officers working at banks regularly share public opinions without controversy.</p>
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<p>Another commentator observed that the résumés of those on the list include positions at FinCEN, the US Department of Justice, and the CIA. The discussion has shifted away from the content of the letter to focus on how this support is presented and how it is being communicated to the public.</p>
<p>The Blockchain Association is known as one of the leading trade groups in Washington, representing the crypto sector’s interests in regulatory matters. The current debate is seen as part of a broader conversation regarding the boundary between industry support and independent expert opinion in digital asset regulation.</p>
<p>The post <a href="https://en.coin-turk.com/crypto-lobbying-controversy-grows-with-160-signatories-linked-to-major-firms/" rel="noopener noreferrer nofollow">Crypto lobbying controversy grows with 160 signatories linked to major firms</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Crypto lobbying controversy grows with 160 signatories linked to major firms

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