CryptoWallCity vs MEXC Exchange

Community protests anti-crypto letter sent to US lawmakers

Signed by 26 tech industry figures, the letter addressed to US lawmakers described crypto assets as “risky, flawed, and unproven digital financial instruments.”. It expressed disagreement over the potential of blockchain technology and has urged regulators to create harsher regulations for cryptocurrencies.

The crypto community has not been silent as many have reacted and expressed their disagreement with the letter and its contents. Technology attorney Preston Byrne also gave his opinion on the matter. In a blog post, Byrne dissected the letter and offered counter-arguments to the signatories claims.

According to the lawyer, the crypto community does not want a “safe haven” but regulatory certainty.

In addition to Byrne, Meltem Demirors, chief strategy officer at CoinShares, also criticized the signatories, mentioning that they are known to be “anti-crypto”.

Vitalik Buterin, the founder of Ethereum, suggested that activist and blogger Cory Doctorow was also the signator of the letter and is confusing a lot of crypto advocates. Buterin noted that many community members have followed their vision and consider them “companions.”

Community protests anti-crypto letter sent to US lawmakers 1