This evening, following an afternoon session with leaders from the Bitcoin and cryptocurrency sectors, House Speaker Mike Johnson (R-LA) participated in an exclusive event sponsored by Bitcoin Voter PAC in downtown Washington, D.C. During this gathering, he articulated his intention for House Republicans to closely collaborate with the Bitcoin and cryptocurrency industry to develop legislation that will foster growth within this sector in the United States.
He emphasized the value of assembling such a distinguished group of industry leaders, noting that it greatly benefits members of Congress to engage with individuals like Coinbase CEO Brian Armstrong, Andreessen Horowitz GP Marc Andreessen, and Riot Platforms SVP and Bitcoin Voter Project lead Brian Morgenstern, alongside congressional figures such as House Majority Whip Tom Emmer and House Financial Services Committee Chairman French Hill.
It is important to note that the meeting referenced by Speaker Johnson was separate from another meeting attended by Strategy Executive Chairman Michael Saylor, Senator Cynthia Lummis, and Representative Nick Begich.
Speaker Johnson recognized that Congress “relies upon the insight and expertise” of industry members to devise policies that will further the growth and advancement of the sector.
He expressed that the Republican Party is “deeply committed” to facilitating the industry’s advancement in the forthcoming years, characterizing today’s meeting as “very productive.”
Mike Senich, Senior Advisor at the Bitcoin Voter PAC, corroborated Speaker Johnson’s assessment of the meeting’s productivity.
Senich further noted the participation of key figures from the U.S. Treasury, including Acting Secretary of Domestic Finance Luke Petite, Counselor to the Secretary on Digital Assets Tyler Williams, and White House Executive Director of the President’s Council of Advisors for Digital Assets Patrick Witt, during these discussions.
“We examined how the industry can effectively collaborate with their teams,” stated Senich.
Senich also indicated that the participants in today’s meeting now “understand the current priorities for market structure.”
When inquired about whether these priorities included maintaining language from the Blockchain Regulatory Certainty Act (BRCA), which aims to safeguard developers and providers of noncustodial technology, Senich refrained from commenting on specific details discussed.
However, he emphasized the urgency of passing legislation such as the CLARITY Act, which pertains to crypto market structure.
“We believe the future of this industry depends on securing a Republican majority in Congress to facilitate necessary advancements,” asserted Senich.
“As we are unaware of where the House majority will stand in a year, we must begin working within that timeline to achieve our goals,” he added.
“Additionally, in collaboration with Speaker Johnson, we are committed to ensuring the protection of his House majority by supporting candidates who champion Bitcoin and cryptocurrency ahead of the midterms.”
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