Elizabeth Warren Hits Back at Blockchain Association Lobbying Efforts

Senator Elizabeth Warren has criticized the Blockchain Association for lobbying efforts that she believes "undermine" bipartisan efforts to address the role of cryptocurrency in financing terrorist organizations like Hamas. Warren expressed concerns about the industry's resistance to regulations and its employment of former government officials, suggesting a "revolving door" that could potentially influence legislation and regulatory activities related to crypto and anti-money laundering. A report by blockchain analytics firms challenges claims of extensive crypto funding for Hamas, stating that the actual amount is much smaller than reported.