1/ Today, in partnership with @HarrisXData, we’re launching RegulationbyEnforcement.com to publicize Chair Gensler’s regulation-by-enforcement approach to our industry.
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.
3/ Enough is enough. It’s time for a leadership change at the SEC.
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.
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/…
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.
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/…
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.