Kristin Smith Profile picture
Oct 31 4 tweets 2 min read Read on X
1/ Today, in partnership with @HarrisXData, we’re launching RegulationbyEnforcement.com to publicize Chair Gensler’s regulation-by-enforcement approach to our industry.

theblockchainassociation.org/regulation-by-…

A stunning figure: Our industry has wasted more than 400 million dollars defending itself against the SEC under Chair Gensler’s watch, with untold job and innovation losses.
2/ It’s time for Congress to act – implementing comprehensive digital asset legislation is key to keeping the United States the global leader in cutting-edge technology. Image
3/ Enough is enough. It’s time for a leadership change at the SEC.

To the industry: Join us. Tell us your story. Make your voice heard.
theblockchainassociation.org/membership/
End/ Blockchain Association will continue fighting on behalf of the builders and innovators – and on behalf of crypto.

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More from @KMSmithDC

Sep 26
1/ Here’s my recap of the latest developments in crypto and policy in DC (and around the country). 📜
2/ We’re excited to host @BlockchainAssn’s first-ever #DePIN Fly-In next Wednesday.

Check out the details below:
3/ Our team will be at @MessariCrypto’s #Mainnet2024 in NYC next week, where I will moderate two sessions on Sept. 30, including one with @GOPMajorityWhip and another with three Senate candidates from MI, NV, and OH.
Read 13 tweets
Sep 13
1/ Following Congress’ first week back in Washington, here’s my recap on the latest developments in crypto and policy in DC (and around the country) 📜
2/ Fall is here and that means it's the homestretch for the upcoming national election. Members of Congress are in campaign mode, and crypto remains a significant topic of discussion in DC.
3/ While crypto policy was not mentioned during the Presidential debate this week, @VP previously outlined her economic agenda which included “encouraging innovative technologies while protecting consumers”
whitehouse.gov/briefing-room/…
Read 12 tweets
Sep 4
1/ Another day, another attempt by the SEC to drive the crypto ecosystem offshore.

The SEC claims Galois Capital failed to comply with the Custody Rule.

Galois settled, but it’s worth digging into the Custody Rule and how the SEC uses it to discourage investments in crypto.

theblock.co/post/314406/se…
2/ Galois Capital held crypto tokens with a digital asset firm, but not one that the SEC counts as a “qualified custodian.”

The problem is that SEC-designated “qualified custodians” rarely support crypto tokens.

3/ In other words, the SEC has made it impossible for investment advisors to comply with its own rules: they are asked to custody crypto assets with a qualified custodian, but qualified custodians do not generally support crypto assets.
Read 6 tweets
Aug 29
1/ Here’s my recap on the last few weeks of crypto and policy in DC (and around the country) 📜
2/ Crypto remains a significant election topic.

Former Pres Trump’s views on crypto at this point are well known. But notably, his family recently announced the upcoming launch of a new DeFi platform: cnbc.com/2024/08/22/tru…
3/ Meanwhile, Brian Nelson, advisor to the Harris campaign, stated that @VP will "back policies that ensure emerging technologies and the [crypto] industry can continue to grow"
bloomberg.com/news/articles/…
Read 10 tweets
Aug 19
1/ This week, the DNC convenes.

As the Democratic Party finalizes its platform, this is VP Harris’s moment to act by embracing new technology as a pillar of the platform, and engage – thoughtfully – with the crypto industry.
2/ A lack of regulatory clarity paired with provocations by the administration and its allies in Congress is impeding digital asset innovation in the United States.

Crypto builders, innovators – and users – deserve better.
3/ Our industry will vote this November.

Crypto offers a new lifeline to financial independence for millions.

Americans – especially younger Americans – feel left behind by the current system. They’re eager to voice this frustration at the ballot box.

Read 9 tweets
Jul 31
1/ Here’s my recap on the last few weeks of crypto and policy in DC (and around the country) 📜
2/ Crypto is a key election issue – and the crypto voter is now a focus for both parties as we head toward November.

Our industry is making incredible progress in Washington – and beyond.
semafor.com/article/07/29/…
3/ Last week, former Pres. Trump spoke at @TheBitcoinConf, where he delivered a major policy speech.

I joined @BloombergTV to discuss what he outlined for the industry.
Read 10 tweets

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