Give Retail Investors a Voice in Crypto Policymaking
John Deaton argues that the new administration must include retail investors in crypto policymaking to create fair regulations. President Trump has initiated a Crypto Council led by David Sacks, aiming to reshape digital asset policy. This council offers a chance to rectify the damage caused by previous regulatory hostility under the Biden administration, which restrictively affected access to banking for crypto companies. Deaton emphasizes the need for retail representation in these discussions, highlighting firsthand experiences of how existing policies harmed retail investors, especially during high-profile cases involving XRP. He proposes a legislative blueprint that includes stablecoin legislation, market structure reform, centralized exchange oversight, and tax policy reform to foster growth while ensuring investor protection. Deaton calls for an inclusive governance approach that prioritizes the interests of everyday Americans, urging that if the Crypto Council merely becomes a gathering of industry elites, it will fail to achieve fair and effective regulation. The opportunity to put Americans at the forefront of crypto innovation and safeguard their rights must not be wasted.
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