Kristin Smith, executive director at Blockchain Association, and Jake Chervinsky, head of Policy at Blockchain Association, discuss the current state of crypto regulation. Show topics:
- why 2021 was a watershed year for crypto regulation and lobbying
- why Jake decided to move from Compound Labs to Blockchain Association
- what Kristin and Jake think about the current state of regulation in the crypto industry
- how crypto education will play a significant role in Blockchain Association efforts going forward
- how crypto will affect midterm elections
- why Kristin thinks crypto will not be a partisan issue long term
- what sort of budget Blockchain Association functions on
- what Kristin and Jake think about the President’s Working Group report on stablecoins
- why Jake does not think the US should issue a CBDC
- what Blockchain Association’s take is on SEC commissioner Hester Peirce’s “safe harbor” proposal
- why Kristin and Jake believes the idea of a “crypto czar” is not feasible
- how regulators are treating DeFi going into 2022
- how crypto tax guidelines could be improved for centralized exchanges
- how Blockchain Association thinks tax code 6050I should be applied
- what issues could arise from DAOs in 2022+
- what listeners can do to address the different regulatory topics discussed in this podcast
Thank you to our sponsor!
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021
Show Links
Guests
- Jake Chervinsky: https://twitter.com/jchervinsky
- Kristin Smith: https://twitter.com/kmsmithdc
- Previous Unchained appearances:
- https://unchainedpodcast.com/everything-you-need-to-know-about-the-looming-battle-over-privacy-in-crypto/
- https://unchainedpodcast.com/how-congress-might-pass-laws-bad-for-proof-of-stake-and-defi/
- https://unchainedpodcast.com/all-things-crypto-regulation-with-jake-chervinsky/
- https://unchainedpodcast.com/why-is-the-proposed-fincen-rule-for-unhosted-wallets-being-pushed-so-quickly/
- https://unchainedpodcast.com/how-congress-might-pass-laws-bad-for-proof-of-stake-and-defi/
- https://unchainedpodcast.com/what-the-crypto-industry-could-see-under-a-biden-administration/
- https://unchainedpodcast.com/when-is-a-token-decentralized-enough-to-not-be-a-security-ep-056/
The Blockchain Association
- Website: https://theblockchainassociation.org/
- Twitter: https://twitter.com/BlockchainAssn
- 2021 growth: https://theblockchainassociation.org/crypto-industrys-leading-trade-association-more-than-doubles-membership-in-2021/
- Jake joining the team: https://www.politico.com/newsletters/politico-influence/2021/11/09/blockchain-association-fills-out-its-washington-team-with-seasoned-hands-798774
Regulatory Topics Discussed:
- Tax Code 6050i
- Infrastructure Bill
- President’s Working Group stablecoin report
Articles Jake Mentioned
- Jake on CBDCs: https://www.coindesk.com/layer2/2021/12/21/secure-americas-financial-strength-with-stablecoins-not-central-banks/
- Gabriel Shapiro on DAOs: https://lexnode.substack.com/p/wyomings-legal-dao-saster
- Morgan Harper thread: https://twitter.com/mh4oh/status/1463219384776806402
General Regulatory Information
- Messari Crypto Theses
- pages 52-90 is an excellent summary of EVERYTHING going on in crypto regulation
- Page 29 talks about Kristin directly
- Page 56 talks about blockchain association directly
- CoinDesk → How the crypto regulatory scene has evolved
- Decrypt on Gensler’s 2021
- Blockchain Association policy positions
Read the episode transcript here
