Kara Calvert 🛡️

1/ The post-election hot takes are missing an important point: the election wasn’t a referendum on crypto. Some crypto champions won and some lost, but we have more pro-crypto candidates elected to Congress than we’ve ever seen in a new member class before. That’s progress.

For years crypto has brought Republicans and Democrats together around a shared goal: getting regulation right for the millions of Americans who own crypto, the thousands of developers who want to build in the US, and the growing number of businesses — small and large — who are embracing the next phase of financial innovation.

There’s clearly more work to do, but we’ve built a strong bipartisan foundation in Congress around protecting consumers, promoting innovation, and ensuring the US leads the future of finance.

Next Tuesday, voters will decide who should lead in both Congress and state capitals across the US. Whatever the outcome, one thing is clear: candidates in both parties believe crypto is worth fighting for. You don’t need to look any further than @standwithcrypto’s scorecard for proof.

Thanks for the great discussion this afternoon, @crypto!

Every crypto user I talk to -- retail and institutional alike -- says the same thing: the most challenging part of using digital assets is navigating the complexity of tax compliance, even for the most routine transactions. The IRS guidance hasn’t kept up, and people just want to get it right. While Congress is home for the elections, let your members know what changes are needed: taxclarityforamerica.com

The U.S. should be the best place to build, raise capital, and participate in crypto from day one. Thank you, @SECPaulSAtkins, for advancing rules that could bring more of this activity here while ensuring people have the disclosures, protections, and clarity they deserve.

Spot on, @KristinSmith. Not many people have been advocating for clear rules longer than you. Thanks for putting it in perspective.