Tim Hite
@TimHite
Director of Policy - @exodus Fmr. Senior Counsel on Capitol Hill / @FINRA / @georgemasonlaw / @wjcollege Views are my own.
#OnChain is trending. I may be stepping out of line here, but I dont think it's necessary to refresh the nomenclature every 3-4 years.
🚨NEW: A House Democrat helping whip votes for the crypto bills just told me that if all goes as planned, they’re expecting around 35 Dem votes in favor of CLARITY this afternoon, which is expected to hit the floor first around 4PM. GENIUS, they said, could see anywhere from 70…
NEW: Just like last year, House Democratic leaders will again *not* be whipping against Republicans' crypto legislation despite Waters' sustained opposition (and Trump's crypto deals), a person familiar tells me. Read the whip question from this AM here: cdn.sanity.io/files/ifn0l6bs…
NEW: House Democratic leaders said today they will NOT whip against House Republicans' crypto bill, I'm told. The whip question sent to members this a.m. says that Waters and Scott "strongly oppose" the legislation, but does not urge them to vote "no": politico.com/f/?id=0000018f…
One the best - albeit less discussed - aspects of tokenization will be self-custody. It'll create a means to eliminate counterparty risk - and mitigate centralized risk altogether. As a bonus, it could simultaneously incentivize better terms for investors to keep their assets…
Are we still talking in the context of securities laws, or should we all just have at it on this one?
Today, Code, Capital and Policy from @capitol_assets has released our first full #video #interview highlighting the fundamental importance of preserving the right for users to #selfcustody their #digitalassets. Watch here: youtu.be/m8EFE87hKUY?si… #crypto #blockchain #custody
New: Banking Republicans released a 35-page draft of market structure reforms this morning, plus a request for information bill text: banking.senate.gov/imo/media/doc/… RFI: banking.senate.gov/imo/media/doc/…
Fun fact that might've been lost in the Crypto Week euphria- This week, the Financial Services Committee will mark up a bill to eliminate the production of the penny. This wouldn't happen if the dollar wasn't experiencing perpetual devaluation.
This is a fantastic day for the U.S. with GENIUS heading to the President's desk and CLARITY moving to the Senate. There's a lot of credit to go around to different members of Congress and the Admin, but dont forget to have a toast to the staff tonight. They put up with a lot.
🚨NEW: The GENIUS Act just passed the House in a vote of 308-122 with 102 Democrats voting in favor — again, more than expected. Another big bipartisan win for crypto. Now, onto @GOPMajorityWhip’s Anti-CBDC bill.
Forgot to mention that the Rule vote might be tricky
Big week for crypto in DC. Mostly predictable votes: GENIUS Act Anti-CBDC Suveillance State Act Unpredictable vote: CLARITY Act *CLARITY likely passes, but who knows what the vote count will be 🍿
📍#CryptoWeek’s main industry event — Tokenized in America — kicked off tonight at The Ned’s Club in Washington, co-hosted by @BlockchainAssn & our member @Chainlink. This special evening spotlighted the future of tokenization in the U.S. 🇺🇸 Thank you to the @Chainlink team —…
FEATURED SESSION: @Rob1Ham, @JohnArnoldTen31, and @TimHite join BPI's @zackcohen_ to discuss the most significant policy challenges facing Bitcoin startups. 🔗 youtu.be/78uTKup_QiA