Some technology experts are urging United States lawmakers to resist the efforts of the growing pro-crypto lobby.
A letter leaked to Cointelegraph was written by Bruce Schneier, a lecturer at Harvard.
Schneier who bills himself as a “public-interest technologist” said in 2008 that cryptos are “useless.” And claims made by advocates of cryptocurrencies are just not true.
The letter was signed by a myriad of tech experts and politicians.
“We urge you to resist pressure from digital asset industry financiers, lobbyists, and boosters to create a regulatory safe haven for these risky, flawed, and unproven digital financial instruments.”
Microsoft’s Miguel de Icaza and Kelsey Hightower, a principal engineer at Google Cloud added their signatures to the effort. The academic community led by Schnier is spearheading attempts to crack down on the influence of the rapidly growing crypto industry.
The letter was also signed by both Senate Majority and Minority Leaders Charles Schumer and Mitch McConnell, Republican Patrick Toomey, and Democrat Ron Wyden. In the past, both Toomey and Wyden have supported crypto developments.
