Can Crypto Be a Force in the Midterms? Yes, Say Kristin Smith and Jake Chervinsky - Ep.307

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:

• a16z 
• https://a16z.com/2021/10/13/an-agenda-for-the-future-of-the-internet/
• Tax Code 6050i
• https://www.coincenter.org/congress-takes-its-war-on-cash-to-digital-assets/
• https://unchainedpodcast.com/not-reporting-info-on-some-transaction-partners-could-soon-be-a-felony/ 
• Infrastructure Bill
• https://twitter.com/jerrybrito/status/1461317078175072263
• President’s Working Group stablecoin report
• https://www.coindesk.com/policy/2021/11/01/biden-administration-to-congress-put-stablecoins-under-federal-supervision-or-we-will/
• FATF Guidance
• https://twitter.com/coincenter/status/1453700485484097537 

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 
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