In a significant development, former Rep. Sean Patrick Maloney (D-N.Y.) has pledged to abstain from any crypto-related work if confirmed as President Joe Biden’s ambassador to the Organization for Economic Cooperation and Development. This comes as a victory for Sen. Elizabeth Warren (D-Mass.) in her ongoing battle with the cryptocurrency lobby. What Happened: Maloney has assured Warren that he will cease all work on cryptocurrency issues if his nomination as ambassador to the OECD is approved. This commitment comes after Warren expressed concerns about Maloney’s advisory role with Coinbase, t…

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