Last Thursday, a live event burst into D.C.’s emerging post-covid reality as Politico produced, “Regulating the Digital Gold Rush” sponsored by Grayscale at the Hotel Washington.
The one-hour event in front of 150-200 attendees did not disappoint and was highlighted by a new congressional crypto partnership between Senator Cynthia Lummis (R., Wyoming) and Senator Kirsten Gillebrand (D., New York). The senators presented hints on their coming digital assets legislation in a conversation with Politico reporters Sam Sutton and Ben Schreckinger.
Will this be the seminal bill desired by pro-crypto legislators and the blockchain industry? After President Joseph Biden’s crypto Executive Order two weeks ago, momentum is clearly building.
Notably contrasting the partisan rancor typical in the Capital city, the senators appeared synchronized – albeit with the sense that Sen. Gillibrand is still getting up to speed – across a wide-range of far-reaching digital asset talking points. Potential crypto-friendly regulation connected to the complexities of mining, effective use of energy in the crypto world as well as the de minimis $600 tax rule were singled out in addition to maintaining the United States leadership role in innovation.
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