2 years ago
Switzerland-based crypto level claimed Warren made “mistakes” successful comments astatine a caller legislature hearing, and encouraged her to “constructively engage” with its community.
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Non-custodial crypto level ShapeShift refuted United States Senator Elizabeth Warren’s claims of "illicit financing,” suggesting that she utilized the level arsenic a scapegoat to “push” her latest crypto bill, according to a caller statement.
ShapeShift stated successful a tweet connected Feb. 19 that Warren made “mistakes” successful her “analysis” of the platform, successful comments astatine a caller legislature banking committee proceeding entitled “Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets,” connected Feb. 14.
On Valentine's Day, @SenWarren attempted to usage ShapeShift arsenic an illustration to propulsion her latest crypto bill.
Unfortunately, determination were mistakes successful the Senator's analysis, and we'd similar to instrumentality the accidental to acceptable the grounds consecutive
In a follow-up tweet, ShapeShift responded to Warren’s comments regarding its “illicit financing,” stating it “never handles idiosyncratic funds,” and has nary quality to “facilitate this.”
This is successful narration to Warren’s comments suggesting that ShapeShift had ulterior motives for restructuring itself arsenic a DeFi level successful July 2021.
Warren suggested that the restructure was to promote radical to “launder” money connected the platform.
Shapeshift besides clarified tha it is “not an exchange,” elaborating that it is an open-source crypto dashboard that “connects users” to antithetic protocols and platforms.
It added that it cares astir the “same things” arsenic Warren, citing "user safety" and "access to innovation" arsenic a communal focus.
ShapeShift encouraged Warren and others to “constructively engage” successful the taxable of fiscal state and innovation with its community, sharing a nexus to its treatment forum.
This comes lone a time aft Erik Vorhees, CEO of ShapeShift, took to his idiosyncratic Twitter connected Feb. 18 stating that helium is looking guardant to Warren “submitting a proposal” to the Shapeshift DAO governance process, successful effect to her disapproval of the platform.
Related: US Sen. Elizabeth Warren says crypto volition ruin system — Community responds
Warren has been a vocal crypto sceptic successful caller times, having made comments successful an interrogation connected Jan. 25, suggesting that the United States Securities and Exchange Commission (SEC) should “double down” connected its crypto enforcement efforts, arsenic the crypto manufacture is scared for what’s to travel next.
She claimed that the erstwhile SEC medication “essentially gave the greenish light” to unfastened up a cryptocurrency market “full of junk tokens, unregistered securities, rug pulls, Ponzi schemes, pump and dumps, wealth laundering and sanctions evasions.”
Cointelegraph reached retired to ShapeShift for remark but did not person a effect successful clip of publication.
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