Rapid Response: Crypto’s new chapter, w/Crypto Council for Innovation’s Sheila Warren
Jun 4, 2024
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Sheila Warren, CEO of the Crypto Council for Innovation, discusses the crypto industry's resurgence, bipartisan crypto bill, crackdown on bad actors, and crypto as part of the 'new internet.'
Crypto Council for Innovation provides insight on the mainstream adoption of crypto among Americans.
Recent bipartisan crypto bill in the US aims to regulate digital assets and foster innovation in the crypto space.
Deep dives
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Cryptocurrency's Relevance to Everyday People
Cryptocurrency's impact extends beyond just the investment realm, with 20% of Americans holding crypto across demographics. Sheila Warren from the Crypto Council highlights that crypto is not limited to sophisticated investors or random internet users, emphasizing its increasing relevance to ordinary individuals in business and personal spheres.
Insights from the Consensus Conference in Austin
Sheila Warren shares insights from the recent Consensus Conference in Austin, focusing on policy and politics discussions involving members of Congress, RFK Jr., and decentralized AI in crypto. She notes the misconception of conflating crypto and blockchain, clarifying blockchain as a technical architecture while Web 3 represents a broader ecosystem.
Implications of the FIT21 Crypto Bill
The FIT21 bill passed by the US House of Representatives delineates a path forward for regulating digital assets, addressing CFTC roles, and clarifying rules amid the novel space of digital assets. The bill aims to resolve regulatory uncertainties, signaling bipartisan support and progress in positioning the US as a competitive space for crypto innovation.
For anyone skeptical about crypto hype, Sheila Warren explains why it is here to stay, and what you might be overlooking. As CEO of the Crypto Council for Innovation, Warren joins Rapid Response to take us inside today’s crypto resurgence, in which 1 out of 5 Americans hold crypto in some fashion. Warren shares the story behind Congress’ recent bipartisan crypto bill, and how the industry is cracking down on bad actors and get-rich-quick schemes. Plus, how crypto is part of the underlying tech behind a “new internet.”