Recent developments in the cryptocurrency industry show a bipartisan approach towards crypto legislation in the US. Major companies are increasingly involved in blockchain and crypto projects, with a record number of initiatives announced in Q1 2024. There is a shift in the political tone among Democrats in DC towards supporting crypto regulation, as seen in the aftermath of FIT21. The industry is gearing up for detailed discussions on the bill's implications and the need for clear rules for crypto.
In the @thehill @DennisKelleher raises concerns about the #crypto industry's influence in Congress. With #FIT21 on the table, it's time for tough questions about its potential impact on investors, consumers, and financial stability. https://t.co/volTTxglTq
The Gensler/Warren approach of "don't legitimize crypto by regulating it" is losing support among Democrats. The FIT21 vote was a vote for *more* crypto regulation. https://t.co/HIQ5WiYGcO https://t.co/dtsUOF3YMT
Exciting news @Coinbase study shows the U.S. is accelerating adoption of crypto. 56% of Fortune 500 execs say they are working on onchain projects — but are we doing enough to retain talent? More on how major firms are adding value through blockchain: https://t.co/Htl4kVYgBH
Today @Coinbase released an illuminating report showing more of America’s top companies are onchain than ever before, but we risk losing talent and our pole position if we don’t set fair standards for crypto in the US. Learn more: https://t.co/oyw7X2ch1M
Crypto cheered FIT21 — here’s why the industry is now ready to fight over details in the bill https://t.co/G3TW9xWaqg
In DC this week - excited by all the bipartisan momentum as the Senate takes up drafting bills in the wake of FIT21. It’s time to get some clear rules for crypto!
Crypto Heats Up In Congress https://t.co/LvhwM4Frpr
Great reporting on the shift in the political tone on crypto among Democrats in DC by @jenwieczner in @NYMag: “‘This is one of those issues that there’s no one really against it. You’re not going to pick up any new votes for being against crypto,’ says the strategist. ‘There’s…
America's largest companies have big plans onchain. The number of cryptocurrency, blockchain or web3 initiatives announced by F100 companies hit a record high in Q1 2024. Find out more in our latest State of Crypto report: https://t.co/55px3voeGo
Crypto-related legislation made progress on Capitol Hill. The latest survey conducted by The @HarrisPoll on behalf of @Grayscale found that #crypto remains a bipartisan issue ahead of November’s elections. Dive into the full Market Update: https://t.co/jQR3xsBiwd https://t.co/ni06QuYkdB