How Biden’s Executive Order Will Impact The Cryptocurrency Industry

Public Key Episode 3 preview: Executive Orders, Lobbying DAOs and The Impact Politics Plays on the Cryptocurrency industry 

Executive Orders have proven to be an expedient method to get the wheels in motion at the highest levels of the legislative branch and although the recent Executive Order has been met with extreme positivity by the cryptocurrency industry, there are some areas of concern from both the government and the industry’s key stakeholders. 

In this episode of Public Key, our host, Ian Andrews, CMO at Chainalysis, sits down with his colleague,  Clark Flynt-Barr, Senior Policy Advisor at Chainalysis to breakdown the main objectives of the Executive Order and how will this could  benefit the crypto industry and highlight any challenges future regulation could have on continued innovation.  They jump into subjects like DAOs in lobbying, statistics behind the unbanked/underbanked in the United States and what we can expect from the government agencies 180 days from the order. 

Minute-by-minute episode breakdown

• (2:04) – What is an executive order and did the crypto industry get regulatory clarity from this order
• (4:45) – The Executive Order objectives and why is this positive for the cryptocurrency industry 
• (9:15) – The areas of concern found in the executive order 
• (11:03) – How rogue nation states are utilizing crypto to evade sanctions and conduct illicit activity 
• (16:35) – What are the next steps after an executive order has been released?
• (18:25) – Does recent acts highlighted by Senator Warren put the cryptocurrency industry at risk?
• (20:45) – How does cryptocurrency impact USA midterm elections and is it a platform to campaign on 
• (23:25) – How can a DAO be formed to Lobby on Capitol Hill and What does this mean for the future of political fundraising 
• (26:25) - What does it mean from a policy perspective to move innovation forward in a regulated environment 
• (31:05) - What are the positives of the Executive Order and how does benefit the unbanked or underbanked population in the USA

Related resources

Check out more resources from Chainalysis that perfectly complement this episode of the Public Key.

• Blog: Biden’s Executive Order Signals the United States’s Commitment to Responsible Innovation in Crypto
• Blog: OFAC Sanctions Hydra Following Law Enforcement Shutdown of the Darknet Market, As Well As Russian Exchange Garantex
• Report: The Chainalysis 2022 Crypto Crime Report 
• Video: Chainalysis Links NYC Recap, Part 1: Cryptocurrency Regulations and Innovations in Focus

Speakers on today’s episode

• Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews
  
• Clark Flynt-Barr (Senior Policy Advisor, Chainalysis) https://www.linkedin.com/in/clark-flynt-barr-33026223

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