Crypto’s Point of No Return

Digital assets have just over two years to solidify their position in the United States. If the industry fails, all bets are off.

In our last edition, I showed why there was plenty of blame to go around for the failure of the CLARITY Act, the comprehensive digital asset bill that would finally give the industry the guidelines it needs to operate and innovate in the United States.

I had some pointed critiques for the president, but I also said this:

Make no mistake, I’m an advocate of the innovation-first policies of this administration. No president has moved with such speed and earnestness to fulfill his campaign promises around crypto as this one has.

I don’t imagine I’d be able to say the same about a Democratic administration.

Based on the cynicism that was on display, it seems increasingly clear that side of the aisle has become more entrenched in its anti-crypto views. Chief among its members is Sen. Elizabeth “building an anti-crypto army” Warren, who would like nothing better than to melt the industry down and hang it on her wall as a trophy.

This is not a political letter. But who’s running the show in D.C. matters for this industry. So, we have to talk about it. And, based on the latest odds from Kalshi, it seems increasingly likely that the Dems will take the White House during the next cycle.