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Crypto Masters Washington’s ‘Revolving Door’ as Influence Grows

Feb. 23, 2022, 2:00 PM

People are increasingly moving between jobs in crypto and the government agencies that police the industry, raising potential conflicts of interest that could undermine efforts to rein in the sector, according to a watchdog group.

There have been nearly 240 instances of crypto’s so-called revolving door, where employees leave the government for the private sector and vice versa, according to a new report by the Tech Transparency Project.

Dozens of former top officials from the Securities and Exchange Commission to the White House are now employed by or are working on behalf of companies such as Coinbase Global Inc., ...