"Elizabeth Warren's Legislation Targets Blockchain Lobbying and Crypto Financing"

Senator Elizabeth Warren has criticized lobbying efforts by the Blockchain Association, Coin Center, and the Chamber of Digital Commerce, accusing them of undermining bipartisan efforts to address the role of cryptocurrency in financing terrorist organizations like Hamas. However, the claim that crypto provides significant funding to Hamas has been disputed by blockchain analytics firms. Warren also raised concerns about the "revolving door" between government officials and the crypto industry, calling for transparency regarding the employment of former officials by crypto firms and their potential influence on legislation and regulation.