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What do progressive Democrats, Republican nationwide safety hawks and Wall Avenue merchants have in widespread? They’re all apparently enlisting in United States Senator Elizabeth Warren’s “anti-crypto military.” The progressive senator’s reported alliance with Marc Cohodes, a Wall Avenue short-seller who profited from the current carnage at crypto banks, is the newest instance.
Crypto natives seemingly see the weird pairing as additional proof that entrenched pursuits are conspiring to kill Web3 in the US. They aren’t solely incorrect, however America’s polarized factions are uniting towards crypto for a motive. The business has persistently failed to deal with legitimate issues about monetary crime and nationwide safety. That should change, or Warren’s anti-crypto military will proceed attracting recruits.
Alex O’Donnell is the founder and CEO of Umami Labs and labored as an early contributor to Umami DAO. Previous to Umami Labs, he labored for seven years as a monetary journalist at Reuters, the place he lined M&As and IPOs.
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