Episode Details

Rep. Warren Davidson: 'I Think Bitcoin Is a Great Store of Value'

Episode 176 Published 5 years, 7 months ago

Description

U.S. House Representative, Warren Davidson, contextualizes the state of crypto legislation in terms of widespread civil unrest, COVID-19, and global shifts in power. He explains where crypto plays a role in these paradigm shifts and talks about:

Why he believes in crypto, and how he came into the space
How his Token Taxonomy Act creates regulatory clarity for token issuers
What four conditions tokens would have to meet to not be considered securities
Other features of the Token Taxonomy Act, including a de minimus exemption for taxes and no taxation of crypto-to-crypto trades
How the pandemic and coronavirus-related fiscal stimulus affects the prospects for the Token Taxonomy Act
What he thinks about China's blockchain push and its DCEP digital yuan
Whether and how that creates a credible threat to US dominance in global markets
Whether Libra could be a counterweight
How a shift toward digital currencies could undermine the global reserve status of the USD and whether that affects the US's ability to enforce sanctions
How outcomes of the upcoming election will affect the potential passage of crypto-friendly regulation
Why it is easier for crypto legislation to be more bi-partisan than other bills
What help he needs from the industry right now to push along crypto-friendly bills