Blockchain Association CEO unpacks market structure bill that could bring clarity for digital assets

by Davis Quinton and Frank Chaparro

People • August 29, 2023, 1:11PM EDT

Published 1 minute earlier on

UPDATED: August 29, 2023, 1:14PM EDT

The Block

Quick Take

Blockchain Association CEO Kristin Smith discusses the pending market structure bill, emphasizing its potential to enhance U.S. crypto regulations and boost confidence among institutional investors.

Episode 80 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Blockchain Association CEO Kristin Smith.

Listen below, and subscribe to The Scoop on Youtube, Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].

Kristin Smith is the CEO of Blockchain Association — one of the top crypto policy advocacy groups in the U.S.

In this episode, Smith unpacks the intricacies of the pending market structure bill set to make its way through Congress this fall, highlighting its potential to bring crypto regulatory clarity in the U.S. once and for all.

According to Smith, the bill could be what's needed to bring in greater institutional participation and mainstream adoption:

"It's something that we think that if it were to move forward, would give a lot of confidence to institutional investors, to traditional tech companies and other players to enter this space because they know there is a clear and workable regulatory framework in place."

Outline:
00:40 - Current State of Crypto in DC
05:00 - Token Taxonomy Act (2018)
07:24 - 2023 Congressional Crypto Outlook
09:02 - Stablecoin Legislation
13:20 - Market Structure Legislation
16:24 - XRP Ruling
24:46 - Treasury Department & Crypto
28:07 - Anti-Crypto Congressional Sentiment
29:48 - Aliens
31:55 - 2024 Presidential Candidates & Crypto

About Authors

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.

Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].