TruthArchive.ai - Tweets Saved By @AltcoinDailyio
@AltcoinDailyio - Altcoin Daily
JUST IN: Cardano Founder to work with Trump Administration on crypto policy in 2025 🇺🇸 https://t.co/ONvHymIZfQ
Video Transcript AI Summary
In 2025, I will focus on shaping crypto policy by collaborating with lawmakers and the administration in Washington, D.C. With a likely Republican majority, we have a unique chance to clarify regulations affecting the crypto industry, which has faced undue scrutiny from the SEC. Our goal is to create a bipartisan bill that distinguishes between securities and commodities, allowing us to operate freely and generate significant value and jobs. I have connections with lawmakers and believe there’s a desire for a collaborative approach to crypto policy, especially among younger Democrats. Despite political differences, we can find common ground to advance a unified crypto agenda that benefits all Americans. I’m committed to engaging across the aisle to establish a clear path forward for our industry.
Full Transcript
Speaker 0: 2nd, a large part of my time in 2025 will also be devoted to the political process. I'm going to be spending quite a bit of time working with lawmakers in Washington, D. C. And quite a bit of time working with members of the Administration to help foster and facilitate with other key leaders in industry, the crypto policy. We have to do this and we have to get it done.
There's a very high probability that the Republicans will control not only the Senate and the presidency, but also the Congress, the House. And in the process of doing so, this is the best opportunity we have ever had in the history of the industry to get clarity for our industry and remove the sort of Democracies that the SEC has reigned over the Cardano ecosystem, Ripple ecosystem, the Ethereum ecosystem, reigned over Solana, reigned over all the major ecosystems, and actually including Bitcoin in many respects despite the ETF approvals. None of us signed up to have companies like BlackRock dictate to the United States what the crypto policy should be. The crypto policy should be written by the American people, the American crypto industry and by well meaning lawmakers who are willing to take the time to listen. So we will establish at input output a policy office and we're going to begin staffing that office, moving some personnel around And hopefully by January, we can begin to participate in that process and work with certain key leaders in certain key positions and get to a point where we can hybridize many of the proposals, including FIT 21, including the Lummis bill, the FIA, and other such things so that we can get a bipartisan bill passed that will give us absolute clarity of when things are securities and commodities, help us navigate the often tumultuous and chaotic waters of DeFi and get us to a point where we can get back to business.
No one in this industry has asked for a subsidy or a bailout. No one in this industry has asked for special rules or special treatment. All we've asked is to be left alone and be able to build our businesses and create 1,000,000,000,000 of dollars of value and 1,000,000 of jobs for the American people. I think with a message like that, it makes absolutely no sense to those who aren't corrupt and those who are listening, to actually get a law passed. So that's what we're going to focus on in 2025.
We're going to get our growth and adoption where it needs to be, and we're going to make sure that we have solid policy so that we can move forward as a nation. As many of you know, I have personal friendships with certain lawmakers and certain people who are now members of the Trump administration. We hopefully will be able to have great dialogues with them in the coming months to put together some of this policy. And I hope to be part of that. But that has yet to be decided based upon the fact that they're not even in office yet and they just picked the chief of staff.
So it's gonna take a little bit more time to see what that composition looks like. But in my early conversations with the transition team, in my early conversations, with many people who want to promote good crypto policy, I have every reason to believe there is a genuine desire to not relitigate and relive the last 4 disastrous years that have been so painful and harmful to all of us. I also believe there's a strong desire, especially amongst younger Democrats and younger Democrat lawmakers, for crypto policy to be bipartisan instead of a Republican issue and a wedge issue between the parties. And this is most evidenced by the fact that FIT 21 was passed in the house with more than 60 Democrat votes. This election, I fully appreciate, has been very stressful for many Americans who felt that the wrong candidate won.
I want to take a moment to talk to them. While we do disagree on politics and while we do disagree on, the nature of how the next 4 years are going to unroll and, unravel, there is one thing that unites us. We're still Americans. And I'd like to believe that we both want this country to succeed. And there are many things I think we can find common ground on.
I was in Washington state for the last 5 days. Many of the people I was with were not exactly on the right side of the spectrum, but they were quite excited about Robert Kennedy being involved in health policy. And that's the power of unity poll party. You don't get everything that you want, but at least you get a few things that you can unify on and talk about. And I do believe that if we come together on both sides of the aisle, that we can get to a crypto policy that makes sense for the entire United States and for all of our businesses here.
Because after all, the protocols don't discriminate the politics. So why should we as leaders and why should we in the legislative process? Doesn't make any sense at all. So I'm definitely gonna be reaching across the aisle to many people who are on the other side of things, and ask them if they'd like to participate in, the discussions and conversations. And hopefully, I think we can come to a common understanding about some basic principles as an industry as a whole of where we need to go and what we need to do.
The other thing is I think I've gained my passion back. You know, 4 ketamine trips is quite a bit. I think it was over a gram of ketamine after this.
@AltcoinDailyio - Altcoin Daily
Full story: https://youtu.be/QhrAO9GkoAE
@AltcoinDailyio - Altcoin Daily
Charles Hoskinson GOES OFF on SEC & Bitcoin getting a pass while Cardano $ADA & crypto has to suffer. 👇 https://t.co/Vm1u9jGrIr
Video Transcript AI Summary
The speaker questions the concept of security in decentralized systems like Bitcoin, Ethereum, and Cardano. They criticize the lack of clarity in distinguishing between these cryptocurrencies and express frustration with the dominance of certain entities in the industry. The speaker highlights the wasteful legal battles and the lack of accountability in government and society. They argue that cryptocurrencies exist to address the broken social contract and the unaccountability of those in power. The speaker emphasizes the need for change and praises libertarians for challenging the current system. They conclude by stating that the current state of affairs goes against the principles on which the country was founded.
Full Transcript
Speaker 0: They come in and say it's a security. Okay. Well, what the hell does that mean if it's decentralized? How does Bitcoin register? Oh, but it's not.
Then explain to me the fucking difference between Bitcoin and Ethereum and Cardano and the rest of the gang. Explain it to me like I'm 5 years old. Run the goddamn Howie test on it. And show me the difference between the 2. Tell me is there an expectation of return With the goddamn orange pill moon boys?
It's there. There's so many different planks and angles that you can take a look at this thing from. And by the way, if you subpoena and attack about 3 different entities, You could perform a 51% attack on Bitcoin because that's the way the hash power works, but it's decentralized apparently, And team orange gets a complete pass. It's a pathetic fucking joke. It's an absolutely pathetic joke, You know?
And it would be it would be funny if not for the fact that 100 of 1,000,000 of dollars of legal fees have been exhausted in this puric war that's being fought on the industry, and they'll lose court case after court case as they already have and will continue, and then at some point It'll stop. There will not be an apology. There's not gonna be any money that comes back, and we'll just move on like we did with the Kennedy assassination. We'll just move on, like we did with Vietnam, we'll just move on, like we did with Iraq and Afghanistan, we'll just move on like we're doing right now with COVID. We'll just move on like we did with all the things that have happened the last 50, 60, 70 years in the United States history.
It has to stop. It honestly has to stop. Why do I praise libertarians come in? Because the only people that seem to think the the The only people who seem to improve the situation are the people that are unraveling the government. It's not accountable anymore.
People harm people. They get away with it, and they just move on, and nothing changes. I'm tired of it. I think our industry is tired of it. The entire reason cryptocurrencies exist is not because somebody woke up and said, Man, tokens on the Internet is such a good idea.
The entire reason cryptocurrencies exist is that we're trying collectively to re establish the social contract because the social contract is horrifically broken. If the people in charge are unelected, unaccountable and don't ever have to prove to us, the beneficiaries of the public trust, that they're doing good for us. And when they screw up, nothing happens to them. They get a promotion. They get elected to higher office and we just have to move on as a society.
That is not a government for the people, by the people, of the people. That is something else that looks a lot more like the thing that we rebelled against when we founded this goddamn country.
