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The White House Crypto Summit closed-door meeting revealed. What proposals did industry leaders make?
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Chris Giancarlo, former CFTC chairman and the only representative from Trump's first term to attend the summit, proposed that the U.S. government should re-activate a policy tool that is more than 200 years old, the Letters of Marque and Reprisal.
Saylor’s proposal is more radical than the Bitcoin Act introduced by Senator Lummis, which would have the U.S. purchase 1 million bitcoins, or 5% of the total supply, over the same period.
Paradigm co-founder and managing partner Matt Huang did not make new policy proposals at the summit, but instead called on the government to revisit a neglected case: the Justice Department's charges against Tornado Cash developer Roman Storm. Huang called on the Justice Department to reconsider Storm's charges of money laundering, unregistered money transmission, and sanctions violations.
Vlad Tenev, CEO of Robinhood Markets, raised an important topic at the summit, using blockchain technology to tokenize traditional financial instruments, such as equity in private companies.
