Not if former Congressmen Tim Ryan, a Democrat, and David McIntosh, a Republican, have anything to say about it. “The technology itself has tremendous potential for economic growth and innovation,” says former Rep. McIntosh. “But what’s happened in the United States is that we have a regulatory system led by Gensler that is very anti-blockchain technology, so it’s pushing the innovation and the capital for this new technology overseas.”
So McIntosh and Ryan are spearheading the Blockchain Innovation Project, which has a goal of advancing bipartisanship, educating their colleagues, and ultimately enacting sensible crypto policy. They know it’s an uphill battle. Ryan acknowledges that Senator Warren “chalked the field” with her forceful anti-crypto message, and says that unfortunately the “extremes define the entire party.” This is why he thinks it’s so important to get more of the Left to appreciate the merits of blockchain technology, and thinks that “we seeing more and more Democrats come online.”
Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn