People went nuts on here two months ago when the White House | jchervinsky on Binance Square

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People went nuts on here two months ago when the White House had a crypto roundtable and didn't invite anyone from the Ethereum ecosystem.
Today @VivekVentures is testifying in Congress for @Etherealize_io on the market structure bill. Ethereum went to Washington after all 👏

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1/ For years, a hostile SEC forced crypto founders into a broken model: drive all value into equity, not tokens. The result? Incentive misalignment, ineffective governance, and more legal risk. In this post, @jessewldn and I explain why that model failed and how to fix it.

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"Gradually, then suddenly" is one of those laws of the universe that repeats over and over, but people struggle to keep in mind. It's very common with policy-driven business shifts. We're seeing this in the IPO market right now, which is about to explode. Crypto next up....

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The Congressional hearing on the CLARITY Act is reminding me of @pmarca on the three-stage response to new tech: denial, rational counterargument, and then name-calling. The anti-crypto faction is calling it "the complexity act" as if this is middle school, but no real critique.

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I have never been more confident that, in the next few years, we'll finally see what crypto can really do. Everything is coming together at once — the tech, the talent, the investment, the law — for this whole thing to seriously rip. If you believe in this space, strap in.

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It's not clear to me that TradFi will prefer "the most decentralized L1" as they move their business onchain. These institutions aren't in it for decentralization. Their products will likely be centralized in some way anyway. High speed and low cost seem to be their priorities.

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