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Warren, Ocasio-Cortez Ask Regulators to Clarify Stance on Crypto Hires
The U.S. lawmakers asked how long an individual is barred from seeking employment in an industry he or she has regulated.
Updated Oct 25, 2022, 5:56 p.m. Published Oct 25, 2022, 11:58 a.m.
U.S. Sen. Elizabeth Warren (D-Mass.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.) have asked regulators to clarify their rules on former employees taking roles in the crypto industry.
In a letter sent to almost all federal financial regulators, the lawmakers noted "the increasing number of revolving door hires" and asked how long individuals involved in regulating the crypto industry are barred from seeking employment in it.
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Along with their fellow signatories, the two say they are concerned that crypto firms may appoint former financial regulators and government officials to add some teeth to their lobbying efforts.
"We are concerned that the crypto revolving door risks corrupting the policymaking process and undermining the public’s trust in our financial regulators," the letter said.
The letter was addressed to the Securities and Exchange Commission, Commodity Futures Trading Commission), Treasury, Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency.
Warren has been a frequent critic of the crypto industry, particularly with regard to the energy usage of bitcoin mining.
Read more: Crypto Investment Firm Digital Currency Group Registers Executive as Lobbyist
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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U.S. CFTC's Pham Moves for Do-Over on 'Actual Delivery' Guidance on Crypto
In what are likely her final days at the agency, the acting chairman checked another box from President Donald Trump's crypto agenda.
What to know:
- One of the leading U.S. regulators for crypto activity, the Commodity Futures Trading Commission, has scrapped its earlier definition for how assets change hands in a crypto commodities transaction.
- Acting Chairman Caroline Pham said the earlier guidance on "actual delivery" was withdrawn as part of President Donald Trump's efforts to create friendly crypto policies.
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