Regulation
What’s the key to regulating cryptocurrencies? Circle’s head of global policy weighs in | Video
A lot of good and bad things have happened to our industry on crypto Twitter, for example, in the stablecoin category, every time you had to turn to Twitter to make Jerry Maguire-type promises to the market. Show me the money. In many cases, there was very little money there and we ended up with the Terra Lua debacle. And I think today, it’s the same thing, right? The 71 Democrats who voted for Fit 21 or, or voted for example to repeal SAB 21 and voted for the Stable Queen legislation in the House Financial Services Committee. All of them demonstrate this idea that consensus laws are passed when you form consensus and consensus cannot be formed. If we have a tribal fight and we’re scoring points on Twitter, it’s actually consensus that is formed through human contact. No surprise there. And it’s a matter of trust.