This is a segment of the Forward Guidance Newsletter. Subscribe to read the full edition.
A few hours ago I enjoyed taking the stage at the Digital Asset Summit with Staci Warden, CEO of the Algorand Foundation.
Our opening act? President of the United States.
There was no exact news of the code that moved the market out of Donald Trump’s mouth (i.e. another executive order) – he uttered the word “Blockworks” when kicking a virtual address for three minutes.
Warden and I watched Trump on screen behind the scenes. Strategy Executive Director Michael Saylor – the speaker chasing us – was nearby and he lifted the microphone. It was an interesting moment.
The President doubled down on some of what we heard when we took office in the campaign path and in his first few months.
Trump vowed that the United States will “dominate crypto and next-generation financial technology.” He labeled the so-called Operation Chalk Point 2.0 as “a form of law through the weaponization of government,” and said it was “over-regulation.”
At that point, Warden told me: “Frankly, we don’t even need command support. We just don’t need to be blocked.
“We have the deepest and most fluid financial markets in the world,” she added. “If we can have a level playing field, we can definitely compete globally.”
Trump flattened the DAS crowd, pointing out that “pioneers like you could improve our banking and payment systems.” Warden also spoke about these applications and the adoption of a wider blockchain.
Trump’s arrival has shocked the meeting a bit for some. And it’s safe to assume that the law is coming. The question, of course, is how fast and how quickly the final version will look, and how accurately the law will spur the next generation of financial markets.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
