Is the crypto industry a'regulatory safe haven'?

A group of technology experts is trying to warn the government of the dangers of the crypto industry. In a letter to U.S. policy makers, 26 computer scientists and engineers called on lawmakers to block efforts to create a ‘regulatory safe haven’ for cryptocurrency.

Who wrote a letter to lawmakers criticizing cryptocurrency and blockchain technology?

A group of tech experts and academics wrote to U.S. lawmakers criticizing cryptocurrency and blockchain technology in the first concerted attempt to counter lobbying by the crypto industry. The 26 signatories include Harvard lecturer Bruce Schneier, former Microsoft engineer Miguel de Icaza and principal engineer at Google Cloud, Kelsey Hightower.

Are We counter-lobbying the crypto industry?

“We’re counter-lobbying, that’s what this letter is about,” said signatory and software developer Stephen Diehl. “The crypto industry has its people, they say what they want to the politicians.”

Who are the leaders of the crypto industry?

The letter is addressed to Senate Majority Leader Charles Schumer (D-N.Y.) and Minority Leader Mitch McConnell (R-Ky.) as well as leading Sens. Patrick Toomey (R-Pa.) and Ron Wyden (D-Ore.), who have both been supportive of the crypto industry.