POLITICO Tech ‘We’re just getting started’: Inside crypto’s plan to remake Washington
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Jan 14, 2025 Emilie Choi, president and COO of Coinbase, is at the forefront of cryptocurrency's revitalized political engagement. In an eye-opening discussion, she reveals how the crypto industry transformed from a political outcast to a key player in Washington. Choi highlights the strategic investments made to support crypto-friendly candidates, the push for clearer regulations, and the importance of bipartisan support. Her insights into the evolving narrative around crypto and the potential impact of a favorable regulatory landscape provide a compelling glimpse into the future of the industry.
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Crypto as a Voting Block
- Crypto's resurgence is partly due to its recognition as a voting block.
- The 52 million American crypto users mobilized for clearer regulation.
Coinbase's Multi-Pronged Approach
- Coinbase employed a multi-pronged approach, including lobbying and grassroots campaigns, to address industry vilification.
- They partnered with other industry players to form "Stand With Crypto", a 2-million-strong advocacy group, and contributed to the Fair Shake super PAC.
Crypto's Regulatory Needs
- The crypto industry seeks an end to regulation by enforcement and clearer regulatory framework.
- This includes defining the roles of the SEC and CFTC and creating a market structure bill.