What Bitcoin Did Bitcoin is Winning in DC | Grant McCarty
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Jul 7, 2025 Grant McCarty, Co-President of the Bitcoin Policy Institute, dives into the evolving landscape of Bitcoin policy in Washington, DC. He discusses how the Strategic Bitcoin Reserve moved from concept to legislative proposal. The conversation highlights challenges in Congress regarding stablecoins, market structure bills, and the urgency for clear cryptocurrency regulations. Grant points out bipartisan support for Bitcoin and the need for deeper legislative protections over executive actions. He also emphasizes community-building efforts like PubKey DC that foster meaningful policy dialogue.
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Bitcoin Confusion in Washington
- Many lawmakers confuse Bitcoin with broader crypto scandals like FTX's collapse.
- Continued efforts are needed to clearly differentiate Bitcoin from the wider crypto ecosystem.
Stablecoin Regulation Mimics Banks
- Stablecoin regulation aims to treat issuers more like banks with KYC and compliance responsibility.
- This includes monitoring transactions and sanctions adherence similar to traditional finance.
Stablecoin Compliance Splits Globally
- There will likely be regulatory arbitrage as stablecoin operations split between US onshore and global offshore.
- US-issued stablecoins will face more compliance and could be geofenced in use.