Rep. Polis: Blockchain projects will violate laws without updated regulations
Congressman Jared Polis · a16z Podcast | The Blockchain, in Congress · Jan 2, 2019 · at 7:39
Representative Jared Polis (D-CO) explains why Congress must proactively modernize tax and legal policy to accommodate disruptive crypto and blockchain innovations.
0:00 / 0:10exact quote · 10.9s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Absent a deliberate effort to create a legal ecosystem that allows for innovation, It's quite possible that efforts to do innovative things will run afoul of current law.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Congressman Jared Polis
Rep. Polis: Legacy incumbents will lobby Washington to stifle blockchain tech
“And I wouldn't even call it a misstep, because we know when there's any fundamentally disruptive technology, there's a bunch of incumbents and legacy operators that come to this town to try to co-op government to sustain their advantage, and that we've seen th…”
Rep. Polis: Members of Congress struggle to understand basic cloud computing
“Keep in mind the demographics around here. I mean, we have a tough time explaining cloud computing. I mean, you know, this is a challenge.”
Rep. Polis: Blockchain has massive ramifications for the global unbanked
“It has massive ramifications in the developing world for the unbanked and the untitled.”
Rep. Polis: Blockchain satisfies both left and right data privacy concerns
“Many on the left, like myself, don't want corporations to play that role either, but frankly, the blockchain is a way to address both of those concerns from the left and the right.”
Rep. Polis: Congress lacked formal blockchain education prior to the caucus
“There was no effort or way or manner of educating our colleagues about blockchain. So we really got together and said, look, let's formalize it so we can take out rooms and do briefings, which is effectively what that means, and provide a forum for other membe…”