High-profile tech experts have signed a letter asking congressional leaders to apply a skeptical eye to the exploding crypto industry.
The letter, published Wednesday and addressed to Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, Speaker of the House Nancy Pelosi, and House Minority Leader Kevin McCarthy, among others, comes from 26 industry leaders including Harvard’s Bruce Schneier and Google Cloud principal engineer Kelsey Hightower.
The tech experts’ question states that “crypto-assets are an innovative technology that is unreservedly good” and instead urges lawmakers to “take a critical, skeptical approach” toward crypto.
“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 and to instead take an approach that protects the public interest and ensures technology is deployed in genuine service to the needs of ordinary citizens,” the letter reads.
