Supporting Pro-Crypto Candidates for Office
The current set of elected officials may need to find common ground on new crypto regulation. It remains to be seen if they can come to an agreement as a series of bills move towards a full House vote. However, supporting pro-crypto candidates for office is the best long-term strategy to change the congressional view of this technology. Over the past few years, progress has been made in cultivating crypto champions, but there is still much work to be done.
Regulatory Sea Change
The outcome of the 2024 presidential election could bring about a sea change in federal regulatory personnel. Fresh faces with more enlightened perspectives on digital assets might enter the relevant regulatory agencies. Even without a change in the White House, recent legal losses at agencies like the SEC could persuade crypto antagonists that a different approach is needed. Continued court losses may also lead frustrated staffers to leave those agencies. It is crucial to encourage pro-crypto thinkers to enter government service as personnel plays a significant role in shaping policy.
Looking Ahead Five Years
The past five years have been challenging for the digital asset ecosystem, but they have also strengthened the industry’s voice in Washington D.C. The Blockchain Association takes pride in being that voice and is committed to advancing the future of crypto in the United States. They will continue advocating for their members and the industry as a whole in Washington for the next five years and beyond.
Hot Take: The Future of Crypto Advocacy
In the next half decade, it is crucial to support pro-crypto candidates for office and continue cultivating crypto champions. This will help shift the congressional view on digital assets and drive favorable regulations for the industry. Additionally, potential changes in federal regulatory personnel following the 2024 presidential election could bring fresh perspectives and a more enlightened approach to digital assets. Encouraging pro-crypto thinkers to enter government service is essential for shaping favorable policies. The Blockchain Association remains committed to advocating for the future of crypto in the United States, working towards a stronger and more supportive regulatory environment.
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