How Crypto Can Repair Its Reputation in Washington
Trust in the industry is at an all-time low, but key stakeholders can still rebuild relationships with regulators and politicians by focusing on what makes crypto unique: trustlessness.
You don’t have to be a close observer of the crypto industry to recognize an uncomfortable truth: Crypto’s reputation in Washington, D.C., is damaged. While the industry has developed enduring relationships with a growing group of bipartisan lawmakers over the past several years, recent market turmoil and the ongoing saga of the collapse of FTX International taint the broader industry.
Many national lawmakers and regulators have become increasingly wary of the industry, and many have called for stricter regulations and oversight. While this is a challenging situation, it is also an opportunity to return to the key benefits of decentralized systems – privacy, transparency and economic freedom – helping to reboot the industry’s relationship with Washington.
