maloney Warren said in a Feb. 9 letter. POLITICO has learned that if the facts are confirmed, he will immediately resign from all private sector advisory work and remove himself from the OECD's decision-making process on virtual currency and digital asset policy. He also pledged to extend the recusal period under the Biden administration's ethics pledge, pledging not to accept employment, board positions, or compensation from any crypto companies or organizations for the first four years of his tenure at the OECD. There is.
”[I]”In response to your request, I am willing to work voluntarily to strengthen our ethical standards,” he said in the letter.
Ms. Maloney's pledge is the latest example of Ms. Warren's success in her campaign against cryptocurrencies and the broader revolving door between Washington and corporate America. During the Biden administration, he wielded great influence over administration officials, securing ethics pledges from candidates for agencies such as the Federal Reserve, the Department of Defense, and the Food and Drug Administration.
Warren is pushing for a regulatory crackdown on crypto risks. Late last year, she criticized the cryptocurrency industry for recruiting former members of Congress and national security officials to counter Maloney's efforts.
“This revolving door of abuse is frightening, with the cryptocurrency industry masquerading as legitimate while desperately fighting common-sense rules designed to limit the use of cryptocurrencies for terrorist financing. “They've revealed that they're spending millions of dollars on crypto companies, which could cut into profits for crypto companies,” Warren said in December. “It also revealed significant gaps in the country’s ethics laws.”
