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

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

Cryptocurrency Oct 25, 2022 04:20PM ET

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US lawmakers question regulators over ‘revolving door’ with 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.

In letters dated Oct. 24 addressed to the heads of the Securities and Exchange Commission, Commodity Futures Trading Commission, Treasury Department, Federal Reserve, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Consumer Financial Protection Bureau, five U.S. lawmakers asked for a response in regard to the steps the government departments and agencies were taking “to stop the revolving door” between themselves and the crypto industry.

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Comments (2)

Norah Henry Oct 26, 2022 1:24AM ET

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Block User

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Elianna Stones Oct 25, 2022 10:05PM ET

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

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