Unchained Can Crypto Be a Force in the Midterms? Yes, Say Kristin Smith and Jake Chervinsky - Ep.307
Jan 11, 2022
Kristin Smith, executive director of the Blockchain Association, and Jake Chervinsky, head of policy, dive into the evolving landscape of crypto regulation. They discuss 2021 as a pivotal year for crypto advocacy and the importance of political mobilization. The duo explores how crypto could shape midterm elections, emphasizing bipartisan support. They analyze the President’s Working Group report on stablecoins and argue against a U.S. CBDC. Additionally, they highlight educational efforts and the regulatory challenges facing DeFi and DAOs, revealing their vision for future crypto policies.
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Crypto's Political Power
- In 2021, the crypto community showed its political power by making 40,000 calls to the Senate in 5 days.
- This led to increased investment in crypto policy teams in Washington.
Jake Chervinsky's Motivation
- Jake Chervinsky joined the Blockchain Association to focus on crypto policy after working closely with them on regulatory challenges.
- He believes he can have a greater impact advocating for the entire industry.
State of Crypto Policy
- Crypto policy in the US is 'okay, but not great,' with some areas more settled than others, like the Bank Secrecy Act.
- Securities laws remain unsettled, and existing laws weren't written with crypto in mind.
