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AUSTIN, Texas – At Consensus 2023 panel on Friday, Kristin Smith, CEO of the Blockchain Association, asserted that the crypto industry is currently embroiled in a fierce conflict against policymakers and legislators in the United States, particularly targeting Securities and Exchange Commission (SEC) Chairman Gary Gensler and Senator Elizabeth Warren (D-Mass.).
"Elizabeth Warren has an anti crypto army. She is advertising on Twitter for her campaign, that she has an anti crypto army," Smith said during "Beltway Confidential: Inside the D.C. Crypto Scene.".
The Digital Asset Anti-Money Laundering Act (DAAMLA), a controversial bill introduced by Senator Elizabeth Warren (D-Mass.) in December, failed to gain traction and was met with significant criticism. Initially received with little attention, the proposed legislation quickly garnered controversy.
Smith, however, provided a glimmer of hope for the industry during the panel, saying that a pro-crypto "army," including the Blockchain Association, are fighting "in Washington every day" for the industry. "There's a reason that Elizabeth Warren has stalled her bill that's because she lost co-sponsors," Smith said. "And that was because of the lobbying effort and education effort that went on," from the pro-crypto groups."
"So we're fighting. I don't think this is a war that lasts forever, but we're going to probably be at war for the next 18 to 20 months," Smith added.
Source Coindesk
