It’s Not Just the Presidency. Congressional Races Matter a Lot for Crypto - Ep. 726

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With the presidential race in the spotlight, it’s easy to overlook the powerful role that Congress could play in shaping crypto policy in the coming years. From committee chairs to legislative allies, crypto advocates are keenly focused on the outcome of key Congressional races. Kristin Smith of the Blockchain Association and Alex Grieve of Paradigm join us today to break down which races and committees are critical for crypto, why the industry is more visible in Washington than ever, and what the chances are for lame duck legislation this year.
Read more: How Congressional Committee Leadership Could Shake Out for Crypto This Election
Show highlights:

Why this election is “incredibly important” for crypto

How the presence of Fairshake is increasingly noticed by Washington

Why some committees are more important than others for the industry

Why the Senate Banking Committee is key

Whether Alex and Kristin are concerned about Sen. Warren becoming chair of the Senate Banking Committee

What could happen to the House Financial Services Committee

Who is likely to take on both of the Agricultural Committees, which is in charge of the CFTC

How the Senate Commerce affects the crypto industry

How the members of the House Energy Committee don’t have a strong stance on crypto

What the stance of the Finance Committee on crypto is

Why there is an opportunity in the House Ways and Means Committee

Whether crypto tax legislation is in the works

Who could be the SEC Chair under a Trump or Harris presidency

Who could be the next Chair of the CFTC

Whether Yellen will be replaced on Treasury, with many pro-crypto options on tap

Why the Federal Reserve matters much more if they get to regulate stablecoins

What the odds are for crypto legislation being passed this year

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
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Guests:

Kristin Smith, CEO of the Blockchain Association

Kristin’s Op-ed on Unchained: In the Ongoing SAB 121 Fight, Here’s How Crypto Can Move Forward With Bipartisan Support

Previous appearances on Unchained:

Kristin Smith on Why Crypto Legislation Could Be Passed by Year's End

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

What the Crypto Industry Could See Under a Biden Administration

Alexander Grieve, VP of Government Affairs at Paradigm

Links

Previous coverage of Unchained on the elections:

With Rate Cuts and Upcoming Elections, What’s the Best Play in Crypto?

Why Congressman Ro Khanna Is Hopeful the Democratic Party Will Embrace Crypto

Why Gary Gensler Will Likely Be Out as SEC Chair No Matter Who Wins the Election

Congressman French Hill on Crypto and His Top Pick for the Next SEC Chair

Timestamps:

00:00 Intro

01:55 Why this election is pivotal for crypto

04:50 How Fairshake’s presence is catching Washington’s eye

16:39 Which committees matter most for crypto?

22:49 Why the Senate Banking Committee is crucial

28:54 Concerns about Sen. Warren as potential chair?

38:15 Possible shifts in the House Financial Services Committee

41:47 Who could control the Agricultural Committees and CFTC oversight?

47:35 How the Senate Commerce Committee impacts crypto

51:04 House Energy Committee’s stance on crypto

53:21 Finance Committee’s crypto perspective

55:03 Opportunities in the House Ways and Means Committee

57:28 Is crypto tax legislation in the works?

1:01:23 Potential SEC Chairs under Trump or Harris

1:03:57 Who could be the next CFTC Chair?

1:05:46 Will Yellen be replaced with a pro-crypto Treasury option?

1:08:06 Why the Fed’s role could be pivotal for stablecoin regulation

1:10:46 Odds of crypto legislation passing this year

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