In D.C., the popular opinion is that crypto policies will be most significant in 2025. Federal agencies are changing their policies on digital assets at an accelerated pace. The Mile The aforementioned Then, you can get in touch with us.The foundational crypto bill is accelerating through The following are some of the ways to improve your own language skills. Chambers The President continues to implement laws despite the absence of Congress policies Industry has become a booming industry ????????????????????????????????????????????????????????????????????????????????????????????? Years.
As a result, supporters of the biggest blockchains in the world have set up shops in Washington to take advantage of this momentous crypto event. The start of this year saw the launch of the Bitcoin Policy Institute—which previously had only three full-time staff members—tripled in size and set up physical D.C. offices for the first time. This month, Washington’s two top crypto-lobbyists created the Crypto Lobby Alliance. Solana Policy Institute.
What is Ethereum amongst all the noise?
This dominant blockchain is the one that has given birth to Decentralized Applications Undoubtedly, one of the crypto industry’s largest players is smart contracts. For some time the leadership of the chain has been accused of caring more for technological principles, than what is essential, but often less noble, to court customers. Public opinion.
No Ethereum policy shop is currently operating in Washington. You’re unlikely to find any Washington lobbyists who describe their work as being solely focused on advocating Ethereum under the second Trump Administration. When pressed recently on this question, some top politicians who support the blockchain argued that there is no need to make any changes anytime soon.
Bill Hughes, Consensys director of Global Regulatory Matters told us: “There’s not a single iota or worry about the level or quality of engagement with Ethereum.” Decrypt What is the state of affairs in Trump Washington?
Hughes’ main job is to guide Consensys through the regulatory maze. ?????????????????????. The former Trump Official, who worked in different positions at the White House during Trump’s initial term and the DOJ as well, believes that representing Ethereum to a wider audience is an important part of the job.
Hughes met with the White House, the SEC and other stakeholders to talk about the long-term prospects of Ethereum. Hughes says it is not necessary to highlight Ethereum’s achievements in this area.
“We don't need a marketing exercise for our policy work,” he said. And maybe others do.
While Hughes said he welcomed the recent creation of the Solana Policy Institute (“The more the merrier,” he said), he also colored the move as a marketing play—one he says Ethereum would never need, given the chain is so “naturally” dominant in policy conversations.
Hughes recalled a recent incident. SEC meeting focused on crypto staking where, he said, agency staff discussed the practice “completely in the context of Ethereum”—prompting a Solana-focused attendee to “stand up and be like, ‘Well, also, Solana does it a little bit differently.'”
“MEV” in Solana? Hughes said, “Never discussed” when speaking of discussions in D.C. regarding the Specialized Practice Extraction of additional revenue by network validators and miners on decentralized networks. To the extent MEV represents a policy question, it will only be addressed in relation to Ethereum.
Hughes added that policy discussion on issues other than immigration and refugees is also relevant. ETPs can be staked—Wall Street-traded products seeking to pass on rewards earned from staking cryptocurrencies like ETH and SOL to investors. Though regulations in that arena certainly concern both Ethereum and Solana, Hughes maintains Ethereum has been—and will always be—the focus of such conversations in Washington.
The Solana Policy Institute refused to participate in this article.
Danny Ryan is a blockchain developer and 2022 coordinator who has been working on Ethereum since 2012. Join us on Facebook to stay updated with the latest news and events.The decentralized nature of the network makes it superior to any other chain in terms of lobbying strategy.
He said recently that Ethereum benefits from having many people as advocates. Decrypt. “A true decentralization rather than a completely centralized play.”
Ryan sees himself as a member of Ethereum’s army. Last month, he joined EtherealizeA new group dedicated to improving the relationship between Wall Street and the Network. Ryan is also a frequent visitor to D.C., where he represents the blockchain at policy meetings. He attended the same Ethereum White House event that Consensys Bill Hughes was at earlier this month.
Ryan, like Hughes before him, is not a full-time employee of Ethereum. The software developer admits that in hyper-centralized environments like Washington or Wall Street it is important for influential people to be able to communicate directly with each other on any given topic.
“But that's something that we're trying to do,” he said. “To be a coherent voice… that picks up the phone and gets on a call.”
Ryan’s Name was affixed to the Ethereum Foundation earlier this year amid growing frustration with its perceived indifference towards public relations. Floated By: You can find out more by clicking here. as an ideal choice for executive director—given his perceived ability to lobby hard for the network and represent its cultural identity. He was ultimately not chosen for the position.
More than other one-time Ethereum Foundation bigwigs, Ryan is willing to state outright that the Ethereum ecosystem can sometimes struggle with marketing—even if such considerations may not be existential.
Ryan said that there was a “certainly a vacuum.” But the developer maintains that his role, and the role of other part-time contributors to the decentralized Ethereum advocacy apparatus, is to “help fill that vacuum”—and in doing so create “a more coherent discussion and narrative.”
