Tonight’s 60 Minutes Crypto Segment: A Missed Opportunity

This evening, #crypto got a 13-minute feature on @60Minutes. Unfortunately, it fell far short of being an informed and balanced discussion. Instead, the episode exposed a clear bias and lack of understanding of cryptocurrency’s fundamental principles and its broader implications.

Key Takeaways from the Episode:
x.com/60Minutes/stat… 1. Misrepresenting Crypto Advocacy as Threatening Democracy

@margbrennan’s Question to @bgarlinghouse: "Is the message for any lawmaker looking to run for office… that they have to fear your industry?”

This question underscores a fundamental misunderstanding of cryptocurrency. At its core, permissionless cryptocurrencies are open-source software, protected as free speech under the First Amendment (see Bernstein v. DOJ). Attempts to restrict access to cryptocurrencies are not just economic decisions—they infringe on free speech, property rights, and the right to assemble.

@CBSNews failed in its role as a protector of First Amendment values by ignoring these fundamental truths. Instead, it framed American businesses’ advocacy for these rights as unethical political lobbying, misrepresenting the real stakes of the crypto debate.

Top 5️⃣ Lessons Learned Debating Crypto Policy with the U.S. Senate

As we reflect on the industry’s efforts with the #infrastructurebill, I’d like to share my thoughts on the key lessons we learned as a community and what we can do to keep moving forward.

Thread 👇 1️⃣ More education is needed 1️⃣ Many in Congress badly need a crypto education. Most Members had their first deep dive into the technology during this legislative debate. Now we must proactively engage with policymakers so they have a deeper knowledge of these innovations.

We are witnessing the worst of #Washington … Senators’ arguing over unrelated issues, unwilling to focus on the benefit of America’s economic future and global leadership in innovation. The bipartisan amendment put forward by Sens. Toomey, Warner, Portman, Sinema, and Lummis - with the backing of Treasury and White House - would bring much-needed clarity to a provision that has profound implications for the #blockchain industry.