Web 3 is happening and it's transformative. It was great to join so many leaders in the #crypto space to discuss how we can build frameworks that support innovation and jobs here in the U.S. Thanks for having me @awen_online, @standwithcrypto, @The_Swop, and @karacalvert!
Watch the full fireside chat of @Coinbase Head of US Policy @karacalvert and House Admin Chair @RepBryanSteil (WI-01)🔥💬
Rep. Steil and Calvert discussed the future of blockchain technology, cryptocurrency regulation, and its impact on the US economy and financial innovation💡📈
🤝Sponsored by: @standwithcrypto and @Catalyst_onX
This discussion was presented by @awen_online and held at the @crypto_rnc during the 2024 @GOPconvention in Milwaukee, WI 🏙️
We were honored that U.S. @RepBryanSteil (WI-01) joined us at the @crypto_rnc during the 2024 @GOPconvention in Milwaukee, Wisconsin.
Thank you to our event sponsors:
@standwithcrypto and @catalyst_onX
At our event, Representative Steil delivered a powerful keynote on the future of cryptocurrency and blockchain innovation.
Rep. Steil emphasized the need for clear regulations to foster innovation in the U.S. crypto space: “The federal government is already regulating crypto. The difference is whether or not you have a government framework in place to allow innovation and development here in the United States or... allow the administrative state to produce regulations through enforcement actions.”
He underscored the importance of innovation happening domestically: “What we want to do is encourage that innovation and development to occur here in the United States of America, rather than allowing it to be stifled and ultimately moved offshore.”
On the potential risks of failing to act: “The concern is that [crypto] won’t be a U.S.-based product. It’ll be sitting outside the United States, developed under different standards and operations.”
He emphasized blockchain's role in increasing transparency and reducing risks: “Through blockchain, you actually have a huge opportunity to have transparency and visibility into the flow of funds in a way that’s actually better than the current financial system.”
He provided historical context on how technology can create more opportunities: “If you really look at what happened with ATMs, tellers didn’t lose their jobs. We actually have more tellers now, and they’re paid more than they were back in the 1970s, even accounting for inflation. That’s what innovation does—it creates more opportunities.”
Watch the full video to hear more about how thoughtful regulation can ensure the U.S. remains a leader in blockchain and crypto innovation.
Awen's @itsmiemusic gave the opening remarks to our recent @crypto_rnc event during the 2024 @GOPconvention in Milwaukee, WI.
Watch and listen to her remarks on how decentralization, blockchain, and cryptocurrency gives an entire new generation of creators a hopeful vision of the future.
At Awen, we are inspired by that hopeful vision of a more fair and equitable marketplace for creators to work together.
I made this my pinned post three years ago. A month ago, I was at @crypto_rnc advocating for fair #Blockchain policies. Tomorrow, I go to @crypto_dnc to do the same.
A lot has changed in three years but one thing hasn’t… I still think my country has what it takes! 🇺🇸
🫡 Thank you Rep Steil for the willingness to engage with Web3 technology.
People are hungry for real conversations like yours with @karacalvert 🤝
It's why our event had a +40% wait-list for capacity.
Thanks to @Catalyst_onX, @standwithcrypto, and @crypto_rnc team.
What a fantastic day at @crypto_rnc to bring together great conversations about #Blockchain policy!
First our panel with @Jim_Harper of @AEI and Nick Longo of @DynasticWealth. Then a keynote from @RepBryanSteil and Fireside chat with @karacalvert of @coinbase.
We couldn't have done this without the support of #Cardano Project Catalyst, @standwithcrypto and @MissionCommsX! And of course a huge shout out to @CullahMusic and @MaggieSchmidt8 of @awen_online for production of the event.
Thank you to everyone who has supported our work to educate policy makers about what blockchain can do for the world. We will keep this conversation going!
“Crypto: computer protocols using distributed ledger technology & cryptography to record ownership & transfer of value on the Internet rather than as assets & liabilities on proprietary balance sheets of +7000 commercial financial institutions & central registries” @GiancarloMKTS