TL; DR
Full story
Most politicians love to hate crypto.
Even if that’s not the case, the broader conversation often focuses on how best to regulate digital assets.
We understand it.
There should be rules on the playground so that a child doesn’t break his leg…
But what does this have to do with me?
Policies around how crypto, NFTs and other digital assets are classified will impact your taxes, purchasing patterns – and, most importantly, the growth of the Blockchain and Web3 industries.
Coinbase even leads one Policy program that advocates for people around the world to talk to their government officials, help debunk falsehoods, and educate the general population about the benefits of embracing digital assets.
“I thought we were talking about politicians?!” – You
That’s right, so yesterday Vivek Ramaswamy shared his crypto plan.
Making him the only Republican candidate with a plan.
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According to Ramaswamy, crypto is a financial innovation.
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Tokens/coins would be classified as commodities in a regulatory sense (which would better support innovation).
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Stablecoins would have the same kind of access to the Federal Reserve as established banks. (Presidents not run the Federal Reserve, but can ask them to act in their favor).
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The right to own assets in self-custody portfolios would be First Amendment and a right to independence in the digital age.
I hope these types of policies are adopted on both sides of the aisle.