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Against choosing your political allegiances based on who is "pro-crypto"

vitalik.eth.limo · 2,499 words · saved by 1 readers

Over the last couple of years, "crypto" has become an increasingly important topic in political policy, with various jurisdictions considering bills that regulate various actors doing blockchain things in various ways. This includes the Markets in Crypto Assets regulation (MiCA) in the EU, efforts to regulate stablecoins in the UK, and the complicated mix of legislation and attempted regulation-by-enforcement from the SEC that we have seen in the United States. Many of these bills are, in my view, mostly reasonable, though there are fears that governments will attempt extreme steps like treating almost all coins as securities or banning self-hosted wallets. In the wake of these fears, there is a growing push within the crypto space to become more politically active, and favor political parties and candidates almost entirely on whether or not they are willing to be lenient and friendly to "crypto". In this post, I argue against this trend, and in particular I argue that making decisions

Dark Mode Toggle Against choosing your political allegiances based on who is "pro-crypto" 2024 Jul 17 See all posts Against choosing your political allegiances based on who is "pro-crypto" Over the last couple of years, "crypto" has become an increasingly important topic in political policy, with various jurisdictions considering bills that regulate various actors doing blockchain things in various ways. This includes the Markets in Crypto Assets regulation (MiCA) in the EU, efforts to regulate stablecoins in the UK , and the complicated mix of legislation and attempted regulation-by-enforceme

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