Interview:
@RepRitchie
Torres makes progressive case for digital assets.... today's tipsheet
Read: https://blockchaintipsheet.com/legislation/rep-torres-interview/
* Progressive case for crypto: "If you’re concerned about the concentrated power of 'Big Tech' and Wall Street, there’s a compelling alternative to be found in crypto."
* Stablecoin law: "I could imagine a regime of tiered regulation in which… if a stablecoin reaches a certain size or passes a certain threshold, then it’s primarily subject to federal regulation."
* The SEC: "I fundamentally disagree with the approach that [Chair Gary Gensler] has taken with respect to crypto. The first has been… a lack of regulatory clarity..."
* Ethereum ETF: "If it’s compliant with the law, then it should be granted approval."
* The generational divide in Congress: "...there’s a new generation of Members – like myself and [Rep. Wiley Nickel (D, NC)] – who are much more receptive to the potentialities of emerging technologies..."
* Regarding the CRA resolution on SAB 121: "If it came to the floor for a vote, I would vote for it."