Crypto policy used to move at a glacial pace. Exchanges and hosted wallets have always been subject to oversight from dozens of global regulatory bodies, and token teams have operated under the watchful eye of securities regulators from day one, but things only kicked into high gear these past six months, especially in America. That’s what happens when you cross $3 trillion in market capitalization, and crypto policy becomes an existential priority.

Smart legislation surrounding crypto may seem like a big ask from this gridlocked Congress, but ultimately, it’s critically important for American economic competitiveness and national security, it would have bipartisan support, and it would net the government more tax revenue. Dumb policy, by contrast would squander our early lead, and push offshore a transformative tech ecosystem.

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