On December 24th, according to Cointelegraph, Coinbase denied the allegations made by US Senator Elizabeth Warren that it hired former government officials to hinder the progress of digital asset regulation. In a letter on December 22nd, Coinbase's Chief Policy Officer Faryar Shirzad responded: "Your claim that Coinbase is trying to undermine bipartisan legislation related to cryptocurrency is completely false. Your allegations are not only unfounded, but intentionally distorted our intentions and efforts."
Shirzad also stated that the exchange's recruitment of government personnel is part of a broader effort to protect the welfare of American crypto users. "We are immensely proud of our national security team, who are dedicated to protecting Americans every day,"