Eli Cohen, chief legal officer at Centrifuge, has called for the cryptocurrency industry to pursue bipartisan support in the United States. Following recent Democratic wins in key elections, Cohen warned that relying solely on Republican support could result in regulatory challenges if Democrats gain more influence. He stressed the importance of engaging with progressive lawmakers, such as Elizabeth Warren, who focus on investor protection and transparency.
Cohen also addressed the ongoing Senate negotiations regarding the market structure bill, emphasizing the necessity for compromise to achieve effective legislation. He criticized the Securities and Exchange Commission's (SEC) aggressive enforcement under Gary Gensler and expressed optimism for a more balanced regulatory framework in the future.
Centrifuge's Eli Cohen Urges Bipartisan Support for Crypto Industry
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