By Tom Blitzer
Key Insights:
- The CEO of the Blockchain Association, Kristin Smith, believes that the regulatory stance towards crypto in the US is starting to shift positively.
- Smith’s organisation is investigating claims of “crypto de-banking” as part of a larger scheme called Operation Choke Point 2.0, aimed at limiting crypto adoption.
- Educating policymakers about blockchain technology is a top priority for the Blockchain Association to achieve wider acceptance of the crypto industry.
According to Kristin Smith, the CEO of the Blockchain Association, there is a positive shift in the US regarding crypto policy and regulation. As a pro-crypto lobbyist, she believes that policymakers, regulators, and legislators are beginning to see the potential of cryptocurrencies and are starting to embrace them.
Kristin Smith’s insights on crypto regulations
In a recent conversation, Kristin Smith shared her insights on the regulatory environment surrounding cryptocurrencies in the United States and her work as a lobbyist in Washington, D.C. According to Kristin, it may take up to 22 months for policymakers to establish comprehensive regulations for the crypto industry in America, which could impact its growth and development.
According to the CEO of The Blockchain Association, her organisation is currently examining allegations of crypto de-banking that are connected to an operation known as Operation Choke Point 2.0. This operation is believed to be a joint initiative of several U.S. government agencies, such as the SEC, aimed at hindering the mass adoption of cryptocurrency.
Crypto acceptance hinges on education: Smith
During an interview regarding her position as a lobbyist in the nation’s capital, Washington D.C., Smith emphasized the organization’s primary objective as educating policymakers. The CEO stressed that a better understanding of blockchain technology could increase support for the cryptocurrency industry. When questioned about her thoughts on the current state of U.S. crypto policy, Smith responded with a positive outlook, describing it as “bright.”
Smith reports that the hostile stance against cryptocurrency is shifting towards a less pessimistic outlook. Elizabeth Warren, the Democratic Senator from Massachusetts, is said to have adopted the term “anti-crypto,” according to Smith. However, Smith noted that her Democratic colleagues do not share her views. Smith observed that pro-crypto legislators are already pushing back against such sentiments with the election cycle approaching.