Just when it appeared that crypto was starting to split along party lines—with Republicans being for it and Democrats being against it—a bipartisan duo in the Senate defied expectations. In July, Senators Cynthia Lummis and Kirsten Gillibrand reintroduced the Responsible Financial Innovation Act, the most comprehensive crypto bill ever to come before the US Senate.
I reached out to Haun Ventures Chief Policy Officer Tomicah Tilleman to help make sense of the last few weeks. Tilleman has weathered multiple crypto winters, so he brings a seasoned perspective to the questions at hand. As Tilleman is keen to point out, a receding mini-ice age in the world of policy doesn’t mean the end of crypto winter. There could be plenty more pain ahead—both in terms of regulation and price action. But regulatory clarity from Congress could free the industry from its frozen state. And bipartisan support for clear regulation is growing stronger.,”—gave me a 30,000-foot view of the policy landscape.