Since years, the U.S. cryptocurrency industry has demanded regulatory clarity from policymakers. Blockchain Association’s CEO Kristin smith is at the forefront of this charge. Few would say that U.S. legislators and regulators are being ambivalent towards crypto, even if they still haven’t figured out the best way to deal with this nascent sector.

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CoinDesk interviewed Smith in advance of Consensus2023, to hear her views on the current regulatory climate, crypto policies and the life as a Hill lobbyist.


What is your opinion of “Operation Choke Point 2”? It was coined by the U.S. Government to describe a coordinated effort to separate crypto from the rest of the economy.

Blockchain Association is currently investigating claims of crypto de-banking, launching a tipline – debanked@theblockchainassociation.org – and asking industry participants to come forward with stories. We are committed to finding out the truth behind these claims.


Do You Think We Could Expect Comprehensive Crypto Regulation in the U.S. This Year or in the Coming Years?

It is likely that the industry will have to wait between 18 and 22 months before it sees any real progress. We are in a time of opportunity to educate and lay the foundations for a strong future regulatory.


What is your job like in Washington? D.C.? Do you find it easier to interact with policymakers now?

Education of policymakers is a top priority for Blockchain Association. We’ve found that most policymakers are willing to learn more about this technology, and we think that as more people gain knowledge about it, the more acceptance they will receive.

What can Sen. Elizabeth Warren [D-Mass. What does the anti-crypto arm of Sen. Elizabeth Warren’s [D-Mass.

When describing her criticism of space, the senator uses the term “anticrypto”. Her views are not always those of the majority, even in the Democratic Party. In preparation for the next electoral cycle, advocates are already pushing back. The Blockchain Association continues to educate policymakers and build a crypto army.


How would you describe the crypto-policy in the U.S. in one word?

Opinion

Ben Schiller is the editor.