CEO of Blockchain Association sees “bright” outlook for US crypto policy
For years, the US crypto industry has been demanding regulatory clarity from policymakers. And Blockchain Association CEO Kristin Smith has been at the forefront of that charge. Today, few can say that US regulators and lawmakers are ambivalent about crypto – even if they haven’t exactly figured out how to treat this nascent industry.
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CoinDesk sat down with Smith ahead of Consensus 2023 to get her thoughts on the current regulatory moment, crypto needs guidelines and life as a lobbyist on the Hill.
What do you think of the term Operation Choke Point 2.0, coined to describe an apparently coordinated effort among various US government agencies to remove crypto from the wider economy?
The Blockchain Association is currently investigating allegations of crypto de-banking, launching a tipline – [email protected] – and asking industry participants to come forward with stories. We are committed to finding the truth about these allegations.
Do you think we can expect to see extensive crypto regulation in the US this year or in the coming years?
The industry will likely have to wait 18-22 months to see real movement. However, we are still in a period of great opportunity to continue to educate and lay the foundations for a strong regulatory future.
Can you give us an insight into your work in Washington DC, do you find it easier to engage with politicians these days?
Educating politicians is essential – and it is our top priority at the Blockchain Association. We’ve found that many decision makers are open to learning more about the technology, and we believe greater acceptance will come as people become more knowledgeable about the space.
What does Senator Elizabeth Warren’s do anti-crypto army say, if anything, about the role crypto will play in the upcoming election cycle?
The senator has embraced the term “anti-crypto” when describing her critical view of the space. However, her views rarely reflect the mainstream, even in the Democratic Party. Advocates are already pulling back in preparation for the next election cycle. The Blockchain Association is building a pro-crypto army, and continues to educate willing decision makers.
In short, how would you describe your views on crypto politics in the US?
