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US lawmakers question regulators over ‘revolving door’ with crypto industry By Cointelegraph


US lawmakers question regulators over ‘revolving door’ with crypto industry

A number of Democratic members of the United States Senate have asked top regulators for information about crypto firms that hire government officials.

In letters Dated Oct. 24 addressed to the heads of the Securities and Exchange Commission, Commodity Futures Trading Commission, Treasury Department, Federal Reserve, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Consumer Financial Protection Bureau, five U.S. lawmakers asked for a response in regard to the steps the government departments and agencies were taking “to stop the revolving door” between themselves and the crypto industry.