In this section of COINGEEK Weekly livestreamSmartledger Solutions co -founder Bryan Daugherty Joined Kurt Wuckert Jr. To discuss how things are going in Washington, what the Trump administration is changing means for blockchain and how the new rules can shape the industry in the future.
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Wuckert’s latest article on COINGEEK: Bitcoin’s Sons of Liberty
Wuckert opens the show by reminding everyone that it is almost independence day in America. Yes, this is the weekend when the United States celebrates its hard won independence from the UK, and there will be lots of BBQ, beer and parties.
But not many Americans know that the original revolutionary government only lasted until 1789 when there was a coup d’état, says Wuckert. He invites us to check out his latest article about COINGEEK: Bitcoin’s Sons of Liberty.
Wuckert’s article describes how the original government was thrown and draws parallels with how BTC has been coordinated by institutions. The original protocol (BSV), on the other hand, is true for censorship Resistance and an open source world that provides real usability for everyone.
Daugherty on the latest Shenanigans in Washington DC
Wuckert begins the conversation with Daugherty by discussing the large beautiful bill and how it will increase the expenses for deficits. Daugherty agrees that it is boring and says he feels for future generations that will have to pay it.
Despite disagreement with Big beautiful billDaugherty says the Trump government has given clarity to blockchain and digital currency markets. While the previous administration took a “regulation through enforcement” strategy, Trump has given direction, and he believes this government is sincere when it says it wants America to be a world leader in blockchain and digital currencies.
Who has the most influence on how things play out? Daugherty says the Treasury Department has a great influence and its Bank secrecy Still affects many aspects of how new rules will appear. Trump’s executive order has also created some major changes, including a robust defense of open source development, myself.
A change in mentality throughout the industry
Daugherty talks about governments and emphasizes how the attitude and way of thinking for many industry participants have changed over the past decade or so. While many originally advocated decentralization And the inability of governments or institutions to disturb, they are now cheering on their commitment, largely in the hope that their preferred coins will increase in value.
One thing Daugherty thinks is particularly disturbing is the massive boom in Private StableCoin market. Now, rather than a decentralized protocol for money and the freedom that would entail, there is endless layer-two Private StablecoinsAnd we will all pay the companies that generate them fees to use them.
The different types of blockchain
With so many different blockchains now available, Wuckert laughs fondly at how he used to categorize them by their Potential use cases. Some were money, others were for Data integrityOthers for contract performance, etc. He eventually came to the conclusion that the most scalable that can do all these things and more should win.
Is there a movement toward defining a separate category for data integrity chains as opposed to speculative assets? Daugherty says he avoids talking about speculation when he trades with decision makers. He has had conversations with many different departments in defense, education, agriculture and other areas, and they are all very interested in how Scalable blockchains can be used for data integrity.
Generally speaking, government officials Daugherty speak to have a much better understanding of blockchain after-fftx. Some look to quickly track it in systems, while others in the European Union and elsewhere take a much more cautious attitude.
An overview of high level above what is happening in Washington
Wuckert asks Daugherty for a wide rate of picture of what is happening right now. For example, what happens to Genius And what does “mature blockchain” in the law mean?
Daugherty first addresses the second concept. He says the term “mature blockchain” has been talked about in length, and it will basically come to a six -drawn questionnaire that they have to fill in 60 days after Clarity law Become a team.
In the passage of the Conservation Act, those who have the task of interacting with Securities and Exchange Commission (Sec) on behalf of various chains must report to it, which shows that no person or unit controls more than 20% of coins or the control tokens, a commitment to open source development, decentralized upgrades, compulsory, functional useful
Units must self -report, and there will be costs associated with compliance. There will also be other jurisdictions according to similar models, and there will be costs related to compliance there as well. Many people involved in the industry are currently being replaced by men in costumes in the coming years, predicting Daugherty.
To hear more about Teranode, blockchain tools and how the Trump administration shapes the future of blockchain in the United States, Check out the livestream section here.
Look: Break solutions on blockchain control barriers
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