What Your Future SEC Chair Thinks Of Crypto

Happy Wednesday, Blockfolians

The Lede

A new administration has come to power, but everyone is still trying to figure out exactly what it means. We got a few little indicators yesterday.

First, there was Elizabeth Warren on cable TV, showing that she clearly hadn’t spent very much time thinking about bitcoin.

More promising was future CFTC chair Gary Gensler’s confirmation hearing in front of the Senate, where he toed the line between pro-innovation and pro-investor protection.

these innovations have been a catalyst for change. Bitcoin and other cryptocurrencies have brought new thinking to payments and financial inclusion, but also they’ve also raised new issues of investor protection that we still need to attend to.

All in all, there are many reasons to be optimistic.

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