It’s Not Just the Presidency. Congressional Races Matter a Lot for Crypto - Ep. 726
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This really is the most important election. Like, we are gonna have this opportunity, we we think, to go in and get legislation done so we can stop the regulatory challenges and have a pathway forward.
Hi, everyone. Welcome to Unchained, your know hive resource for all things crypto. I'm your host, Laura Shin, author of the Cryptopians. I started covering crypto 9 years ago, and as a senior editor at Forbes, was the 1st mainstream reader partner to cover cryptocurrency full time. This is the October 29, 2024 episode of Unchained. Polkadot is the original and leading layer 0 blockchain with over 2,000 plus developers, and the Polkadot 2.0 upgrade will be a massive accelerator for the ecosystem, making it faster, more secure, and adaptable. Perfect for GameFi and DeFi to build, grow, and scale
great to be here, Laura.
Thanks for having us, Laura. It's great to be with Kristen. We spend a lot of time together, so it's always always a pleasure to meet again over Zoom.
We're in the last week before the election, and while the crypto community has been paying close attention to the presidential race, there's been a whole host of other contests that could also affect crypto. Before we dive into the specifics on these various races, let's also just talk generally about the importance of Congress for crypto. In this particular election, what would you say is at stake for the industry? What could the industry get or not get depending on how these races go? And, Kristen, why don't we start with
you? Yeah. No. Laura, you're absolutely right. This election is incredibly important for crypto. I mean, I think as you know, and we've been talking about for years, over the past three and a half years, particularly with the SEC, that the crypto industry has just faced an unprecedented level of hostility. And I think we've finally turned the corner, on on towards that hostility and are now entering the friendlier phase. I think we made a lot of progress this year with congress and thinking about market structure legislation and stablecoin legislation. And I think when the new congress comes i
Oh, that's great. Yeah. I know the industry obviously would very much welcome that. And, Alex, what do you think? You know, what would you say is the import of these different congressional races?
So first off, I would just like to start by saying that any partisan views that I may express today are are my own personal ones and not necessarily the views of, paradigm. I grew up in kind of Republican politics, and I've worked I worked for speaker of the house John Boehner on the hill, in financial policy and crypto policy since, but we have both strong Republicans and Democrats at Paradigm. And so we try to dig really, really far into all the legislation, all of these races on both sides of the aisle. Kristen nails it, I think. This is going to be the most pro crypto congress that we have
Yeah. I mean, I I did wanna touch on this because I am sure you guys have seen the coverage. A lot of people are making, you know, hey of the fact that, I guess, the biggest financial influence in this election has been crypto money. And, you know, some some view that as negatively because it's not always disclosed, but then, obviously, it is having this effect. So, yeah, just what are you seeing in terms of, like, the reactions to that? Yeah.
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