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1/ CRYPTO POLICY: I’ve been quiet publicly, active privately on the DCCPA and US policy the past couple months. tldr: DCCPA must be significantly amended or paused until next year. Measure twice, cut once. Let's get US crypto policy right.

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Again, question to

: Will you support delaying DCCPA to next year so that it can be done right, rather than pushing it through this year where most industry leaders believe it is being done wrong?

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It depends on the final language, as I've said many times. *If* the final language protects DeFi, then I'm strongly in favor of it passing this year. If it doesn't, I'm not. There are a few remaining language chocies that will be *very* relevant for its impact on DeFi.

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But it doesn't really matter what I think, it matters what you guys think, and how effective you guys are at getting your voices heard. FWIW, word is that so far, the CT blowback has rallied *more* support on capitol hill behind regulating DeFi. Hopefully rumors are wrong.

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My strong instinct--as I predicted--is that this approach is in fact already predictably backfiring and causing the exact opposite reaction of what is desired. But again, hopefully I'm wrong.

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I’m curious about the psychology that would drive “I hear crypto twitter is making a big fuss about potential DeFi regulations. Ha! That only motivates me MOAR to fuck them over!” Seems more a contrived narrative behind a preexisting disposition to be support “told ya so”.

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basically a sense of "how reasonable, according to DC norms, is actor X being, and how much does that make me want to accommodate them?"

5:28 PM · Nov 4, 2022Twitter Web App

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isnt that what your lobby $ is for? making them accomodate what you want?

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I actually don’t think

@ErikVoorhees

is so much asking DC to reason with him so much as he’s asking you and other influential people to stand with him and fight. Left unchallenged, DC’s gonna do what DC’s gonna do. They won’t give up control or growing in power by mere reason.

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oh yeah 100% happy to do that!

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