On October 17, @KristinSmith will step in as interim CEO of @BlockchainAssn to guide the organization during this transition. Kristin will continue to serve in her full capacity as President of SPI.
The SPI team is incredibly grateful to @SummerMersinger for her leadership and partnership through the most consequential period in crypto policy history.
Thank you, Summer; we’re wishing you the best in your next chapter!
1/ @SummerMersinger led BA through the most consequential stretch in crypto policy history, and she left it a stronger industry voice on the Hill than ever.
Thank you, Summer, for your leadership.
🧵
On stage at @CoinDesk's Policy & Regulation Conference, @RepFrenchHill, @RepRitchie and @KristinSmith discussed the path to durable, bipartisan crypto market-structure rules, developer protections, and responsible frameworks for AI-powered finance.
The forecast calls for rain. Our plan calls for popcorn. 🍿
Join SPI + @BlockchainAssn tonight for SOL Out Movie Night and a screening of The Ides of March.
Doors at 5:30. Movie at 6. See you soon! luma.com/SOL_Out
Solana Policy Institute’s Kristin Smith on why the next two years matter more than the next election:
1️⃣ Two years left to finalize the current rules
2️⃣ Institutions start depending on them
3️⃣ Undoing them takes another two-year process
“If that happens, this isn’t something that you can put the genie back in the bottle."
A landmark crypto bill collapsed this week after months of protracted negotiations. It marked a spectacular choke by an industry that had just recently begun reveling in its new lobbying clout, with President Trump in its corner. on.wsj.com/4iDH1KI
"This is making stocks onchain real stocks onchain."
@SolanaInstitute President @KristinSmith on today's innovation exemption from The SEC.
"So @solana qualifies from day one...The private bank chains do not." 👇
We are LIVE on X with The Big Picture, with @SolanaInstitute President @KristinSmith discussing:
➡️ Is it over for Crypto in The U.S.?
➡️ Will there ever be a Bitcoin strategic reserve?
➡️ Will CLARITY failing impact midterms?
Tune in now 👇
nitter.net/i/broadcasts/1pKkOXmbl…
Developers now have a clearer path to offer users access to regulated derivatives through their products.
New staff relief extends the @phantom no-action framework to qualifying software providers more broadly, giving wallets and other front ends a conditioned path to connect users to regulated derivatives markets without IB registration.
1/ The @SECGov just issued an innovation exemption for onchain securities trading.
This framework has the potential to move trillions of dollars in existing financial assets onto “public, permissionless” blockchains like @solana, positioning the US as the home of internet capital markets.
1/4 📢 @solanainstitute, @superstatefunds and @orca_so, with support from @LowensteinLLP, have submitted a proposal to the SEC – dubbed Project Open – for a pilot project to enable the issuance and trading of equity securities on public blockchain networks like @solana.
3/ Our Project Open submission, developed with @superstatefunds and @orca_so, outlined how this could work: primary issuance through registered transfer agents, compliant trading via smart contract protocols, 24/7 markets with self-custody.
The SEC's framework turns that vision into reality.
1/ We're very Grateful to Chairman @RepJasonSmith and @WaysandMeansGOP for the bipartisan work behind today’s markup of the Digital Asset Tax Certainty Act. Clear tax rules for digital assets are long overdue, and the Committee has put in countless hours to get here.
3/ With respect to Section 401, we believe newly created tokens from validation should be treated as capital assets and taxed upon a later realization event, and we will continue advocating for consistent treatment with other forms of newly created property.
end/ SPI looks forward to working with Chairman Smith, the Committee, and the full Congress to get durable, pro-innovation digital asset tax rules enacted.