Cryptographic state: Cryptographic takes Jackson Hole

Various striped policymakers spoke at the Salt Wyoming Conference held in Jackson Hole, Wyoming this week.

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Although Congress is still on vacation, policymakers trekked to Jackson Hole. There are a few clips of what they said, thanks to Coindesk’s Helene Braun and others.

Why is it important?

The industry has made many advances this year in its crypto policy priorities. The lawmaker’s comments suggest what the final four months of 2025 will look like and what we can expect from federal regulators.

I’ll break it

“We believe there are 12-18 Democrats for voting at least for the market structure.” – Senate Banking Committee Chairman Tim Scott

“I’ll put it on the president’s desk before Thanksgiving.” – Senator Cynthia Ramis on Market Structure Act

“Imagine every transaction you come and go to and from the company with public equity and how much information you provide.” – Jenny Johnson, CEO of Franklin Templeton

“We need a clear, strategic regulatory framework that encourages the adoption of new technologies. In some cases, we recognize that applying existing regulatory guidance to address new technologies is insufficient and inappropriate.” – Vice-Chair of the Federal Reserve for Superintendent Michelle Bowman

“When you think about smart contracts, tokenization, or distributed ledgers, there’s nothing to fear.” – Federal Reserve Chris Waller

“It’s no secret that my side of the aisle doesn’t want to see a sitting president – I won’t give one name – I’ll join this market while I’m participating, unless these assets are in a sealed trust.” – Rep. Angie Craig, ranking member of the House Agriculture Committee.

• The US Treasury Department begins work on geniuses and gathers opinions on illegal activities. The US Treasury Department has published its first request for information attributable to the Genius Act, focusing on detecting illegal activities in Crypto. Interested members have two months to submit comments.
• The new US crypto group AIP will take part in a crowded field and target policymaker education. The new 501(c)(3) group funded by the crypto lobbying organization hopes to host an event to communicate Crypto to lawmakers.
• Crypto provides answers to the money laundering crisis: a global alert network called “beacons”: The industry-wide initiative led by TRM Labs hopes to accommodate and mitigate major exchange hacks.
• The Crypto World Petition petitions Trump to promote Quintenz’s CFTC nomination in the ongoing saga. A group of crypto lobbying groups urged the White House to proceed with the appointment of former CFTC committee member Brian Kintenz for the agency’s chairman.
• The Winklevoss Twins will win $21 million against Republicans in the battle for Congress next year. Tyler and Cameron Winclevos have donated $21 million in Bitcoin to the new political action committee, which is particularly supportive of Republicans.

• Congress is on a break and regulators are not holding events this week.

• (CNBC) Goldman Sachs expects US consumers to pay tariffs imposed by President Donald Trump on most countries dealing with the US just days after the previous article. Sony has announced that it will raise the price of its PlayStation 5 consoles in the US.
• (Electronic Frontier Foundation) Wyoming and South Dakota have enacted strict laws that require websites to verify the age of users when hosting “sexual content” that includes a wide range of non-pornographic content, including classical literature and art.
• ((Wall Street Journal) Despite Elon Musk’s official statement on the establishment of a new political party, he is backtracking and instead supports Vice President JD Vance and other Republicans, the Journal reported.

If you have any thoughts or questions about other feedback I want to share next week, please email me to nik @coindesk.com or find me at bluesky @nikhileshde.bsky.social.

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