China News by Thebittimes.Com

The Blockchain Association extends an olive branch to Senator Elizabeth Warren, inviting collaboration on crypto-related concerns raised in her recent letter. The Blockchain Association, a prominent nonprofit supporting the digital asset economy, has issued a measured response to Senator Elizabeth Warren’s concerns about government hires in the crypto industry. CEO Kristin Smith extended an open invitation to collaborate, addressing Warren’s Dec. 18 letter. We responded to Senator Warren's letter accusing @coinbase of hiring national security veterans as a way to fight bipartisan legislation. In our response, we said that: – We are very proud of our record of rooting out illicit activity on our platform, and of our deep partnership… — Faryar Shirzad ️ (@faryarshirzad) December 23, 2023 In that correspondence, Warren expressed apprehensions that state officials might leverage their roles for future positions in the crypto sector, pointing to reports o...

Leading global crypto exchange Binance recently experienced a notable departure with Jennifer Hicks resigning from her position as the firm’s first anti- terrorism financial advisor . Hicks, who previously worked as a cybercrime investigator at Chainalysis and has a background in the U.S. Navy, joined Binance as Senior Manager of Intelligence and Investigations in late 2021, according to her LinkedIn profile.  The appointment of Hicks to the position was seen as a key step in Binance’s efforts to combat financial terrorism. However, merely two months after her promotion, she has left the company. Hicks’ departure is part of a broader trend of high-level exits at Binance, including the product manager, chief business officer, general counsel, and head of the Asia-Pacific region. Another significant exit is that of Stéphanie Cabossioras, the Managing Director of Binance’s French unit. These departures come at a challenging time for Binance, which is facing ...