Stabenow Has Joined A K St. Firm Where She Will Undoubtedly Be Well Rewarded By The Cryptocurrency Industry For Her Faithful Service To Their Cause While In Government.
FOR IMMEDIATE RELEASE
Contact: Henry Burke, [email protected]
In response to reports that former Sen. Debbie Stabenow has taken a position with lobbying firm Liberty Partners Group, The Revolving Door Project Executive Director, Jeff Hauser released the following statement:
“Perhaps no Democrat with significant legislative power during the Biden years was more all-in for crypto than Senator Debbie Stabenow of Michigan. Similarly, Stabenow’s protege Rostin Behnam was the crypto industry’s primary advocate within the Biden Administration after Stabenow secured for him the chairmanship of the Commodity Futures Trading Commission (CFTC).”
“And so it is no surprise that at 74, retired with a full pension, Stabenow is now taking her talents to a lobbying shop co-founded by former Republican Congressman Connie Mack. Because crypto, like the allure of the lobbying door, appeals to the avaricious of both parties without consideration of political party.”
“Stabenow’s former colleague, Michigan Democrat Gary Peters, served as Chairman of the U.S. Senate Committee on Homeland Security & Governmental Affairs. His committee noted that `cryptocurrency, typically Bitcoin, has become a near universal form of ransom payment in ransomware attacks, in part, because cryptocurrency enables criminals to extort huge sums of money from victims across diverse sectors with incredible speed.’ With these ransomware attacks increasingly targeting hospitals, schools and local governments, one hopes that Senator Stabenow will be forced to consider the damage wrought by the crypto industry, as she capitalizes on her decades of government service by becoming yet another lobbyist for moneyed interests.” concluded Hauser.
###