1/ It’s been an incredibly busy summer for crypto policy in DC – from the President’s Working Group report on digital assets, to the SEC’s Project Crypto, to the verdict in Roman Storm’s case. Let’s cover the latest…
2/ On July 30, the President Working Group on Digital Assets released its long-awaited report following January’s Executive Order. It provides a comprehensive framework aimed at solidifying American leadership in crypto and blockchain technology.
6/ It’s worth reading Chairman Atkins’ full speech and his goals at the SEC to make the U.S. the crypto capital of the world.
7/ Of course, progress often invites skepticism – I responded to a recent @FinancialTimes Editorial Board piece that mischaracterized stablecoins as inherently risky. Stablecoins, regulated responsibly, enhance – not endanger – our financial system.
Kristin Smith
Kristin Smith31.7.2025
1/ I felt compelled to respond to the recent @FinancialTimes Editorial Board piece, “The rise and risks of stablecoins” – its characterization of stablecoins as inherently risky is alarmist and overlooks their economic potential, when properly regulated.
9/ Finally, in a setback to our industry – and developers across the country – the jury in Roman Storm’s trial found him guilty on count 2 – conspiracy to operate an unlicensed money transmitter. No verdict was reached on the other charges.
end/ That’s all for now – Congress is on recess and gearing up for a very busy fall. Enjoy the remaining weeks of summer and I’ll be back in two weeks with an update to preview what’s ahead.
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