DRW Venture Founder: Some U.S. legislators and regulators have a hostile attitude towards cryptocurrency

In an interview with Coindesk, Don Wilson, the founder of DRW Venture Capital, stated that some legislators and regulators, such as Senator Elizabeth Warren, hold a hostile attitude towards cryptocurrencies. Chelsea Pizzola, DRW's legal advisor also indicated that the company's attempt to register its crypto brokerage Cumberland Securities LLC with FINRA (also responsible for regulating US markets) was rejected. Furthermore, this company is not the only one that has tried to register and acquire brokerages over the years in an effort to comply with regulations. They have sincerely attempted to engage with SEC trading and market staff.