Clear and tailored federal legislation on crypto will create a level and equitable playing field for all companies in the space. […] All of this will boost business and consumer confidence and thus increase adoption.”

On the other hand, if Senators Warren and Cruz, and those who line up behind them, succeed in making cryptocurrency a political wedge issue, the ecosystem could devolve into toxic political sludge, from the inside out. Bipartisan legislative efforts would stagnate. 

The congressional staffer says, “If cryptocurrency becomes hyper politicized then it will be harder, in the future, to further craft a regulatory environment for this space.” According to the staffer, legislation will “have to endure a lot of back and forth” depending on which party’s majority is in power at the time. The regulatory environment would sway like a “pendulum.” The crypto community would have a difficult time insulating itself from the noxious effects of hyperpartisanship.

“Surprisingly, Democrats are more resistant to #crypto (than Republicans).” -Nancy Wojtas.

They are not seeing crypto’s potential for massive social good, then, requiring more education. #TokenSummit

— Chris Burniske (@cburniske) May 17, 2018

Clear and tailored federal legislation on crypto will create a level and equitable playing field for all companies in the space. […] All of this will boost business and consumer confidence and thus increase adoption.”

On the other hand, if Senators Warren and Cruz, and those who line up behind them, succeed in making cryptocurrency a political wedge issue, the ecosystem could devolve into toxic political sludge, from the inside out. Bipartisan legislative efforts would stagnate. 

The congressional staffer says, “If cryptocurrency becomes hyper politicized then it will be harder, in the future, to further craft a regulatory environment for this space.” According to the staffer, legislation will “have to endure a lot of back and forth” depending on which party’s majority is in power at the time. The regulatory environment would sway like a “pendulum.” The crypto community would have a difficult time insulating itself from the noxious effects of hyperpartisanship.

“Surprisingly, Democrats are more resistant to #crypto (than Republicans).” -Nancy Wojtas.

They are not seeing crypto’s potential for massive social good, then, requiring more education. #TokenSummit

— Chris Burniske (@cburniske) May 17, 2018