This podcast episode explores the current state of crypto in DC and the changing perception towards the industry. It highlights the generational divide in Congress, with younger representatives being more engaged and knowledgeable about crypto. The recent vote on the SAB 121 repeal revealed a split within the Democratic Party. The conversation also covers the FIT for the 21st Century Act and the use of the Congressional Review Act to repeal major regulatory actions. The lack of regulatory clarity and the need for clear definitions in the crypto asset industry are discussed, along with the challenges faced by innovators in navigating the regulatory landscape. The importance of consumer protection, innovation, and the impact of crypto voters on election outcomes are also emphasized. The conversation concludes with a call for clear policies that support the crypto industry and the need for policymakers to back their words with policy decisions.
