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The Week In Crypto Policy: Debanking & Innovation
Key Takeaways
- The House Financial Services committee held a hearing exploring how innovations in AI, crypto, and startup fundraising can benefit all Americans, including substantive discussions of stablecoins and Operation Choke Point 2.0.
- With an increasing number of crypto and tech entrepreneurs going public with stories of getting debanked, Democrat and Republican lawmakers are calling for further investigation into whether banking regulators have pushed banks to limit or avoid doing business with companies in politically disfavored industries.
- President-elect Trump nominated Paul Atkins—a former SEC Commissioner, supporter of light-touch regulation, and crypto ally—to serve as the next SEC Chair.
- President-elect Trump appointed tech entrepreneur and investor David Sacks to serve as the first ever White House AI and Crypto Czar and lead the Presidential Council of Advisors for Science and Technology.
HFSC Hearing on Innovation
On Wednesday, the House Financial Services committee held a hearing entitled: Innovation Revolution: How Technology is Shaping the Future of Finance.
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George Leonardo is the founder of Cap Hill Crypto, a solo-entrepreneur venture focused on providing nonpartisan insights and analysis on U.S. federal crypto policy. Previously, he worked on Capitol Hill for Senator John Cornyn and as a litigation associate at Milbank LLP.