Bankless SotN#21: POLITICAL! w/ Tyler Whirty (ELECTION DAY! Repubs, Dems, Crypto, and YOU)
Nov 4, 2020
Tyler Whirty, a venture capitalist and founder of HODL PAC, dives into the intersection of crypto and politics. He discusses how the upcoming Biden-Trump election could significantly affect the crypto landscape. The conversation explores the partisan divide on cryptocurrency issues, the urgency for political engagement within the crypto community, and the implications of regulatory decisions on DeFi and innovation. Whirty emphasizes the necessity of active advocacy and how cryptocurrencies might transform political action committees, promoting a more inclusive political dialogue.
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Crypto Is Political
- While some believe crypto exists independently of politics, this is dangerous.
- Political decisions significantly impact the crypto industry, requiring proactive engagement.
Party over Person
- Presidential candidates' impact on crypto is less direct than their party's influence.
- The chosen staff and overall political landscape shape crypto regulation more significantly.
Fight for Crypto
- Advocate for clearer crypto tax regulations, like de minimis exemptions, to ease compliance.
- Engage with policymakers to prevent overly restrictive regulations on unhosted wallets.