Alexander C. Kaufman
@kaufman
Seems bad for crypto's long-term prospects that it's becoming a partisan battleground. To those of you in the industry, what's the best way to overcome this? https://www.coindesk.com/news-analysis/2025/05/05/trumps-ties-make-cryptos-democrat-allies-stomp-brakes-on-bills
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@m-j-r.eth
politically, that's an own-goal establishment politicians should obviously support collateralized stablecoins over any bona fide decentralized monetary policy like network tokens. in terms of actually intelligent realpolitik, Democrats should figure out their priorities with digital collectives. there's a lot to be said for any buffer system that ameliorates the pain of housing market or student debt. if they're not dead-set on surveillance-centric, license-centric policy, then next steps should include nonfinancial tokenization (e.g. https://x.com/0x_m_j_r/status/1919392863814570465) I'm surprised by the "all eggs in one basket" ideology, one would think that grassroots politics has overwhelming sway over any reformed "big tent" coalition. so the solution, to me, would involve localist mechanics. wonder how @rokhanna sees this. the "we're moral obstructionists" bit is really stale.
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@m-j-r.eth
I think a lot of people in tech have gotten the impression that refusal of any compromised policy resembles advocacy for totalitarian financial oversight. much like the insistence of regulating AI into a few capturable firms, rather than regulating market structure so AI firms can be checked and proceed to serve the public consumer. where's the moderate position?
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Alexander C. Kaufman
@kaufman
Would a Lina Khan approach be better? Focus government attention on policing concentrations in the market rather than policing the technology itself?
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@m-j-r.eth
yes, and it can go further as a bipartisan policy. right now, certain states are slogging through bitcoin reserve bills. but they're not handshaking their state secretaries to the same blockchain state. I can see a sort of hurdle where citizens of respective state are overencumbered with KYCAML requirements for corporate formation, but it's nonsensical when the constitution + general law has corporate structure like fraternal benefit societies, and the state itself should issue relief. I hope that representatives of the taxed comprehend the pain of improvising fixes on a shoestring. something's gotta give, and the political prize for the left partisans is glue for the crowd. then again, high-tech policy is nothing compared to low-tech construction, and upzoning is an entirely different beast, similar to "upadmittance" or "patch adams" healthcare or "right-to-repair" SME support. many ways to address the concentrations that determine these electoral outcomes.
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