Can Crypto Be a Force in the Midterms? Yes, Say Kristin Smith and Jake Chervinsky - Ep.307
Unchained
Crypto, Environment, and Regulation
This chapter explores the environmental challenges of cryptocurrency, with a focus on proof of work mining and its implications. It also examines the regulatory landscape around NFTs and the educational benefits they provide to lawmakers in understanding digital assets and their impact.
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Kristin Smith, executive director at Blockchain Association, and Jake Chervinsky, head of Policy at Blockchain Association, discuss the current state of crypto regulation. Show topics:
- why 2021 was a watershed year for crypto regulation and lobbying
- why Jake decided to move from Compound Labs to Blockchain Association
- what Kristin and Jake think about the current state of regulation in the crypto industry
- how crypto education will play a significant role in Blockchain Association efforts going forward
- how crypto will affect midterm elections
- why Kristin thinks crypto will not be a partisan issue long term
- what sort of budget Blockchain Association functions on
- what Kristin and Jake think about the President’s Working Group report on stablecoins
- why Jake does not think the US should issue a CBDC
- what Blockchain Association’s take is on SEC commissioner Hester Peirce’s “safe harbor” proposal
- why Kristin and Jake believes the idea of a “crypto czar” is not feasible
- how regulators are treating DeFi going into 2022
- how crypto tax guidelines could be improved for centralized exchanges
- how Blockchain Association thinks tax code 6050I should be applied
- what issues could arise from DAOs in 2022+
- what listeners can do to address the different regulatory topics discussed in this podcast
Thank you to our sponsor!
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021
Show Links
Guests
- Jake Chervinsky: https://twitter.com/jchervinsky
- Kristin Smith: https://twitter.com/kmsmithdc
- Previous Unchained appearances:
- https://unchainedpodcast.com/everything-you-need-to-know-about-the-looming-battle-over-privacy-in-crypto/
- https://unchainedpodcast.com/how-congress-might-pass-laws-bad-for-proof-of-stake-and-defi/
- https://unchainedpodcast.com/all-things-crypto-regulation-with-jake-chervinsky/
- https://unchainedpodcast.com/why-is-the-proposed-fincen-rule-for-unhosted-wallets-being-pushed-so-quickly/
- https://unchainedpodcast.com/how-congress-might-pass-laws-bad-for-proof-of-stake-and-defi/
- https://unchainedpodcast.com/what-the-crypto-industry-could-see-under-a-biden-administration/
- https://unchainedpodcast.com/when-is-a-token-decentralized-enough-to-not-be-a-security-ep-056/
The Blockchain Association
- Website: https://theblockchainassociation.org/
- Twitter: https://twitter.com/BlockchainAssn
- 2021 growth: https://theblockchainassociation.org/crypto-industrys-leading-trade-association-more-than-doubles-membership-in-2021/
- Jake joining the team: https://www.politico.com/newsletters/politico-influence/2021/11/09/blockchain-association-fills-out-its-washington-team-with-seasoned-hands-798774
Regulatory Topics Discussed:
- a16z
- https://a16z.com/2021/10/13/an-agenda-for-the-future-of-the-internet/
- Tax Code 6050i
- https://www.coincenter.org/congress-takes-its-war-on-cash-to-digital-assets/
- https://unchainedpodcast.com/not-reporting-info-on-some-transaction-partners-could-soon-be-a-felony/
- Infrastructure Bill
- https://twitter.com/jerrybrito/status/1461317078175072263
- President’s Working Group stablecoin report
- https://www.coindesk.com/policy/2021/11/01/biden-administration-to-congress-put-stablecoins-under-federal-supervision-or-we-will/
- FATF Guidance
- https://twitter.com/coincenter/status/1453700485484097537
Articles Jake Mentioned
- Jake on CBDCs: https://www.coindesk.com/layer2/2021/12/21/secure-americas-financial-strength-with-stablecoins-not-central-banks/
- Gabriel Shapiro on DAOs: https://lexnode.substack.com/p/wyomings-legal-dao-saster
- Morgan Harper thread: https://twitter.com/mh4oh/status/1463219384776806402
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