The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network BTC082: The Senator Lummis & Gillibrand Digital Asset Bill w/ Jason Brett & Tyler Lindholm (Bitcoin Podcast)
Jun 15, 2022
Guests Tyler Lindholm, a proponent of digital asset legislation from Wyoming, and Jason Brett, policy director at the Bitcoin Policy Institute, dive deep into the proposed Lummis-Gillibrand bill. They discuss Wyoming's innovative digital asset laws and how they've influenced federal legislation. Topics include consumer protection measures, regulations on stablecoins, and the bill's approach to decentralized exchanges. They also reflect on the implications of past market events, like the Luna crash, and the competitive landscape for regulatory clarity across states.
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The HODLer Clause
- The "HODLer clause" defers income recognition from mining/staking until asset disposal.
- This mirrors the tax treatment of other assets like gold.
Caitlin Long vs. the Fed
- Caitlin Long sued the Federal Reserve for delaying access to payment mechanisms for state banks.
- This highlights the slow pace of traditional finance compared to Bitcoin.
Bipartisanship in the Bill
- Senator Lummis prioritized bipartisanship in the digital asset bill to prevent partisan division.
- She collaborated with Senator Gillibrand to achieve this.