저자: ChamathPalihapitiya · 외국인
요약 보기
트럼프 행정부의 암호화폐 정책 방향과 의회 입법 로드맵을 설명. 4개 위원장이 올해 내 또는 6개월 내 입법 의지를 밝혔고, 우선 스테이블코인 법안이 먼저 통과되고 시장구조(Market structure) 법안이 뒤따를 것으로 전망. 시장구조 법안은 상원 60표 확보가 관건이나 민주당 일부 지지로 통과 가능성이 있다고 봄. 다만 이는 자산 가격 전망이 아닌 규제 전망이며, 특정 종목·자산의 가격 방향 예측 발언은 없음.
다듬은 글
a big announcement this week on crypto and creating a framework finally I I caught some of it maybe you could just tell us you know from the bottom up what is the Mandate from the president and what is your advice to him on how to make crypto move out of the Shadows offshore icos craziness to legitimacy what's the plan here to legitimize and regulate crypto well the plan was really spelled out by President Trump in his week one EO on crypto and it's all spelled out in there the principal Administration on crypto the president said he wants to support the responsible use and growth of digital assets and blockchains across every sector of the economy so the principles are all there and yesterday I was invited up to Capitol Hill to meet with the the chairman of the important committees that will be that basically govern crypto and so we had a press conference there to announce the legislative plan you can see there there's chairman Tim Scott who's the chair of the Senate Banking Committee to my left and then to my right is frill who's the chairman of the house Financial Services committee and then to his right is John Boseman who's the chair of the Senate agriculture committee and then to the left of Tim Scott is um GT Thompson who's the chair of the house agriculture committee he's out of frame right now but those are the four committees that govern crypto and you may ask why is the agriculture Committee involved in crypto and the reason is because the ad committee supervises the cftc the Commodities Futures Trading Commission because Commodities all came out of Agriculture so it's interesting you need four committees across the House and Senate to get legislation done on crypto it's not just House and Senate it's actually two committees in each of the House and Senate and so this is the first time where we've had four chairmen of the four key committees all com together and say that they're ready to support crypto legislation there were a lot of people on X who felt like this wasn't you know a mind-blowing announcement they wanted something that they could trade on right away that's not what this was this was basically a statement of commitment from the chairs the four committees that we're going to get legislation done this year maybe in the next six months I mean that's really the goal and we've never had that before so that is pretty Monumental I used to work in this because when I first launched climate Court back in the day we actually were selling commodity contracts online so we we set ourselves up as an exempt commodity trading platform and I so I I remember all this old legislation there was the commodity Futures modernization act if I remember when they deregulated the energy Market but one of the features of the commodity Futures modernization Act was that they created this concept of an exempt commodity contract which was where you're not delivering a physical good and that's basically what weather derivatives were and energy derivatives and other kind of indices were created that didn't have a tangible physical Supply and it was still kind of shoveled in the uh in the Commodities world that's why the legacy of all this stuff kind of sitting with agriculture is that the way this is likely going to move forward is it's going to look like a new extension of exempt Commodities and kind of treated like that versus being Securities the question you're describing is called Market structure you know what are the definitions going to be because digital assets can be many things you can have some assets are cryptocurrencies they're actually currencies then there's things that are crypto Securities then there's things that are Commodities Bitcoin actually is regulated as a commodity right now and then you've got things that aren't Securities or Commodities they're like Collectibles you know like nfts things like that so there's all these different categories and one of the things that the market needs is just Clarity around the definition so that Founders know what the rules of Road are and they can actually just comply with them so giving them those definitions and describing how a crypto project could start for example as a security and eventually the protocol could become decentralized enough or maybe it becomes a commodity that whole idea that's called Market structure and there was a bill in the last Congress by french hill who is the chair of the house Financial Services committee now that passed the house with 71 Democratic um votes so it was fairly bipartisan but then it went nowhere in the Senate because frankly the bank committee at that time was run by shered Brown who was anti- crypto so it got stopped in the Senate right away now we have Republican control of the Senate and Tim Scott's the new chair of the Senate Banking Committee and he's expressed support so I think now we could get a bill on Market structure like fit21 again which was fren shills Bill last Congress I think we could do a revised an updated version this Congress and that was one of the things they all the the chairman expressed support for so I think there's a pretty good chance can get this done in the next six months what's the opposition Sachs I guess it feels to me like with the market structure question being addressed and answered you would have also more protection for consumers because now businesses know the rules of the road they follow them the structure that protects consumers etc etc why would people be opposed to moving this forward moving the legislation forward getting this all behind us well I think this is an area where there's a really good chance of having bipartisan support we did in the last Congress like I mentioned that the house bill got over 70 Democratic votes I think in the Senate we're going to need seven votes seven Democrat votes to get to 60 right which is the number you need if you don't go through the reconciliation process and I think there's a good chance this passes with significant Democratic support as well as Republican it's not going to be unanimous or anything like that because there are still forces that are hostile to crypto in Washington and you think it's going to be a discreet bill or do you I I mean it seems like you're going to have to get a border security and energy and budget bill passed so it seems like everything's looking towards reconciliation in which case would this be an adjunct like a like an add-on the the question is what you can get through reconciliation so in order for a bill to go through the reconciliation process where you only need basically 50 votes it has to have a budgetary impact or predominantly a budgetary imp pack I think it's called the bird Rule and that rule was definitely pushed pretty hard in the last Administration remember that the bid Administration got the inflation reduction Act passed through reconciliation and all those subsidies for clean energy or whatever so they've opened the window pretty wide on what can go through reconciliation but that's the question there's one other bill that I think is going to move pretty quickly here too so I just mentioned the market structure Bill the other area is stable coins and and Senator Hagerty he's on the Banking Committee he just released a stable coin bill there's counterparts in the house and what the four chairman indicated is actually they're going to take up stable coins first and then Market structure will follow very quickly so I think we could see a stable coin bill pass Congress in the next several months
Comments 0