Crypto Exchanges
By Steven Anderson
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Brian Armstrong recently posted a thread on how he spent most of this week in DC meeting with members of Congress and heads of various federal agencies, along with Ron Conway,…
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The goal was to establish relationships and help answer questions about crypto. And to see what we can do to help the U.S.
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Crypto is as important as the birth of the internet in terms of the jobs, GDP growth, and innovation it can create. The U.S.
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The reactions ranged from very positive (those who see enormous potential) like Senator Sinema, Patrick McHenry, to admitted skeptics who asked thoughtful questions about illicit…
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The politicians and agency heads I met with were all thoughtful and committed individuals, and I was happy to have our teams connected, and new friendships formed.
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There is not a ton of regulatory clarity today in the U.S. because crypto is not just one thing.
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So it's a bit of a jump ball across existing federal regulators, and this means fewer startups who are able to brave the legal uncertainty.
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Coinbase is big enough to afford the legal costs, and we’ve proactively created our own self-regulatory frameworks when needed.
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One of my biggest takeaways is that the U.S. could really use a safe harbor/sandbox for crypto startups to get off the ground, before having to grapple with these issues.
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Also, a signal from the current administration that crypto companies are welcome in the U.S. would go a long way.
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He concluded the thread stating, The U.S. is at a critical juncture in making holistic decisions around cryptocurrency. Imagine the U.S. without the internet.
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