US lawmakers question regulators over ‘revolving door’ with crypto industry

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Revolving doors may be convenient, but regulators are skeptical of them in the crypto industry.

Several Democratic members of the United States Senate and House of Representatives have requested information from top regulators and agencies in the country regarding crypto firms hiring government officials upon their departure.Oct.

“We have long been aware of the revolving door in other sectors of the economy — from Big Tech, to the defense industry, to other parts of the financial services sector — and we are concerned that the crypto revolving door risks corrupting the policymaking process and undermining the public’s trust in our financial regulators,” said the letter, adding:

 

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Hmm crypto must have been irresistible for those who took positions in crypto firms

Hmm 🤔

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