Fixing the ImpossiBle
24/7 (202) 973-1300   

It’s Crypto Time

“It is a highly speculative asset, and I think people should beware, it can be extremely volatile.”  —Janet Yellen

Today, just a dozen years after its introduction, about 14% of Americans own cryptocurrency, with the value worldwide at about $2.4 trillion – or twice that of all U.S. currency in circulation. Yet how many of us fully understand the concept or the risks, let alone the jargon? Dogecoin, for example, is still trading well below the levels it hit just before Elon Musk appeared on Saturday Night Live and called it a “hustle.” The value of Bitcoin is almost 551% over its value a year ago. What happens when the value goes the other way? Is it a currency or a security? How should it be regulated?

As the first episode in a series on cryptocurrency, Amy Kim, Chief Policy Officer for the Chamber for Digital Commerce, joined the weekly podcast, Real Washington, that I co-host with Michael Zeldin of That Said with Michael Zeldin on CommPRO, to discuss issues including a national action plan for blockchain, Anti-Money Laundering (ALM) and Countering the Financing of Terrorism (CFT) compliance, regulatory clarity for digital tokens and promoting the use of blockchain in business.

Happy listening.

Richard Levick

Listen to the episode

More Posts

Unbought and Unbossed

Photo from Library of Congress, Prints and Photographs Collections, modified for LEVICK blog “I want to be remembered as a woman… who dared to be

All the King’s Men

“When there is a lack of honor in government, the morals of the whole people are poisoned.” – Herbert Hoover In honor of Independence Day