We Study Billionaires - The Investor’s Podcast Network BTC082: The Senator Lummis & Gillibrand Digital Asset Bill w/ Jason Brett & Tyler Lindholm (Bitcoin Podcast)
Jun 15, 2022
Guests Tyler Lindholm, a proponent of digital asset legislation from Wyoming, and Jason Brett, policy director at the Bitcoin Policy Institute, dive deep into the proposed Lummis-Gillibrand bill. They discuss Wyoming's innovative digital asset laws and how they've influenced federal legislation. Topics include consumer protection measures, regulations on stablecoins, and the bill's approach to decentralized exchanges. They also reflect on the implications of past market events, like the Luna crash, and the competitive landscape for regulatory clarity across states.
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Wyoming's Brain Drain
- Tyler Lindholm, a cattle rancher, entered Bitcoin policy to address Wyoming's brain drain.
- He aimed to create job opportunities and retain Wyoming's talented youth.
Wyoming's Regulatory Clarity
- Wyoming's digital asset laws, inspired by Swiss frameworks, focused on regulatory clarity.
- This approach created a haven for digital asset banks like Kraken and Custodia.
Birth of the Utility Token Bill
- The utility token bill originated from a spontaneous suggestion during a phone call with Caitlin Long and Lewis Cohen.
- Initially deemed "crazy", it aimed to address the unique nature of utility tokens outside traditional regulatory structures.