Sergey Nazarov Speech @ Crypto Summit
I am deeply grateful for the opportunity to attend the Crypto Summit at the
today. It was a great event that had some of the top leaders in our industry in attendance, all of whom got the chance to share their views on the crypto reserve, regulation, legislation and the overall strategy for how our industry will be able to evolve in the United States financial system. Since the US financial system is the world’s leading financial system and many other financial systems follow its lead, this was a truly historic day for our industry. Having the most senior members of the cabinet that cover these topics, the Secretary of the Treasury
and the Secretary of Commerce
attending the event and actively participating before we were joined by
says a lot about the US’s new found commitment to cryptocurrencies, blockchains and its own evolution as a financial system using our industry’s approach. Having top legislators that have been supporting our industry for many years like Congressional Whip Tom Emmer/
and Digital Asset Subcommittee Chair Bryan Steil/
also in the room showed a clear alignment between the executive and the legislative branch. The executive branch and legislative branch working together to get our industry adopted by the US financial system is very important. After this summit and my recent trips to DC it has become clear to me that the large macroeconomic effects of our industry on the US financial system makes it not only a bipartisan issue but possibly even a nonpartisan issue that is obviously in both parties interests because it is clearly in the US’s overall interests. This level of cooperation between both parties of the house and senate greatly accelerates our industry’s ability to gain entirely new laws and regulations. It may actually be one of the most cooperative issues in the legislative process right now. I am also very impressed by the intelligence, commitment and deep industry understanding of the people that the
has chosen to plan things out for our industry from the executive branch;
and
are both knowledgeable about our industry and clearly very committed to helping it reach an entirely new level of adoption. They are helping bring together the most senior members of the US government to reorient the US financial system towards our industries technologies as the future. They did a great job on this summit and are doing many other great things for our industry’s future as well. It is clear to me that
has chosen our industry as a critical component of his plans for the US economy. In the attached video you can clearly see him saying “I thought it was very important that we stay in the front of this one, this is a big one” in response to points about how our industry is leading to the evolution of the global financial system. As an industry we are all immensely lucky that this is now the approach that US’s executive branch has towards our industry. Thank you. There were many comments made during the summit by various top industry leaders, but I found
‘s comments about the need to create regulatory clarity that makes all existing US institutions comfortable enough to participate in our industry, particularly insightful. I personally think that what he and the team at
are building is at the next level of DeFi and will be in a good position to take advantage of this next iteration/evolution of the US financial system.