CEO, Direct Selling Association
Washington, DC
Joined November 2012
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Dave Grimaldi retweeted
THE VAULT: @RepMaxineWaters told @BrendanPedersen "Crypto is inevitable," and "There are countries that are way ahead of us."
Read more: punchbowl.news/article/vault…
Dave Grimaldi retweeted
It was an honor to advocate on behalf of DeFi developers and users in front of @FinancialCmte @FSCDems today.
I was grateful to sit next to the extremely talented experts @RebeccaRettig1 @valkenburgh and Brian Avello @udhc.
Dave Grimaldi retweeted
Tomorrow is the first ever Congressional hearing on DeFi and it's going to be 🔥
DeFi is the future of finance and it's about time for Congress to start formally educating itself on how this tech will change the world.
Watch here tomorrow at 10 am ET:
financialservices.house.gov/…
Dave Grimaldi retweeted
1/ Today, we, along with @fund_defi, filed an amicus brief supporting a challenge to the SEC’s Consolidated Audit Trail – or CAT – program, highlighting the unprecedented privacy concerns raised by CAT.
Dave Grimaldi retweeted
Tomorrow, BA's @sarahamilby will be joined by @RobbieHeeger (@endaomentdotorg) Darin Carter (@coinbase) and Tara Burchmore from the office of @SenGillibrand at the Onchain Giving Summit to provide a deep dive on "Policy to Know Now."
RSVP here: bit.ly/onchaingivingsummit
Meet Sarah Milby (@sarahamilby) – our next speaker at the Onchain Giving Summit ⚡️
Sarah is the Head of Policy at @BlockchainAssn, a nonprofit dedicated to promoting a pro-innovation policy environment for the digital asset economy.
RSVP now: bit.ly/onchaingivingsummit
Dave Grimaldi retweeted
Hi @SenWarren. I was your neighbor in Cambridge for a brief period so I’d like to think we have some overlap in our appreciation of an active community.
You’re absolutely right about the increasing costs of connectivity in the US, which is being passed on directly to the American consumer.
At @helium, we’ve created a viable economic model for community-built wireless networks. It significantly brings down the cost of connectivity and the value creation accrues to individuals, municipalities, and small businesses.
@HeliumFndn is a US 501(c)(6) that’s focused on affordable, ubiquitous wireless. We are frequently in DC. If you’re serious about this issue, I would be happy to meet with your staff to educate about the good work we’ve been doing.
We pay some of the highest prices in the world for our cell phone bills. And if @TMobile buys @UScellular, it could get worse.
@TheJusticeDept and @FCC need to carefully review this deal to protect competition and cell phone users. cnbc.com/2024/07/23/warren-s…
Dave Grimaldi retweeted
“Crypto may be one of the most influential industries in Washington right now” @kristinsmith , CEO at @BlockchainAssn speaking at PGP (pretty good policy 🥞) breakfast @pgpforcrypto
Dave Grimaldi retweeted
The issues impacting DCG portfolio companies drive our policy work, and it was great to be with them in DC last month. The fly-in participants educated policymakers and staff about the importance of decentralized AI, the need for regulatory clarity of digital assets and the impact they have on energy and national security.
The ability to spend time with and learn from such a talented group is definitely a perk of my job, and I am counting down the days until they return!
Dave Grimaldi retweeted
Crypto continues to increase in relevance for the 2024 election.
A new poll found one in three U.S. voters are planning to factor a candidate's crypto view into their voting decision.
@jesseahamilton
trib.al/YLOqjql
Dave Grimaldi retweeted
FIT21 is the first comprehensive crypto bill to reach the House floor — and it's an opportunity to enact strong consumer protections for American families, keep jobs in the US, and protect American national security. Join the 500,000+ #StandWithCrypto advocates and take action to urge your representative to vote for this historic bill. Links below make it easy to voice your support. 👇
🚨 Congress has a unique chance to do more to protect you against unfair practices in the marketplace, but we need your support to get it across the finish line.
The Financial Innovation and Technology for the 21st Century Act (FIT21) is coming up for a vote in the House. This bill will write clear rules of the road to ensure you are protected by high standards for transparency, disclosure, protection of assets, and other measures.
Contact your representative and urge them to vote for consumer protection at standwithcrypto.org/action/e…
Dave Grimaldi retweeted
I spent the day in DC speaking with policymakers about crypto. Why? Because one sentence or even a word of policy can and will translate into $billions in downstream value creation or value destruction. We owe it to our intrepid entrepreneurs—the lifeblood of our economy— to have thoughtful and proactive crypto policies along with regulations that are clear, transparent and principles-based. It’s imperative for our country to remain at the forefront of innovation and technology; demonizing either is simply un-American. If you truly care about national security, embrace technology and outpace adversaries while preserving free speech and the right to code.
And, pass stablecoin legislation.
Dave Grimaldi retweeted
🚨Mark your calendars 🚨
On May 8th at 12pm EST, DEF will be hosting our first ever “State of the Union” 🫡
DEF exists to explain DeFi to policymakers, regulators, and other decision makers and advocate for policies that are welcoming of decentralized financial infrastructure. In the midst of ongoing debates that have the potential to impact the future of DeFi, we’re going to update the community about these discussion & what we are doing to protect DeFi’s immense potential.
If you have any specific questions or issues you’d like us to cover, please let us know via the form at the link below!
forms.gle/AoNCFpkkacfvgr5u6
We look forward to you joining us 🚀
xitter.cf/i/spaces/1lDGLPX…
Dave Grimaldi retweeted
Not the news I was hoping to share but polling has us down 3 points to MAGA-extremist Kari Lake. And the truth is, we’re pacing behind on our fundraising goals.
I can't do it alone, but with your help, we'll have a real shot at taking the lead and winning. Can you chip in today?
Dave Grimaldi retweeted
Great testimony by @JBurnsKoven. RaaS & easier access drive/enable attacks, not crypto: "becoming easier for threat actors to deploy ransomware, yet harder to profit" + focus shift "from financial gain to politically motivated cyberattacks aimed at espionage and destruction.”
In her testimony, @JBurnsKoven will discuss the progress made by law enforcement to curb ransomware, the criticality of public-private partnerships to achieve success, and the whole-of-society approach that is required to defeat these actors.
You can read her written testimony here: docs.house.gov/meetings/BA/B…
Dave Grimaldi retweeted
This morning, Treasury went on Squawk Box to talk about their concerns of offshore issuers of stablecoins.
Later in the day the news of Uniswap’s SEC wells notice broke.
It’s the actions of the SEC that’s moving firms offshore thus making Treasury’s objectives harder to attain.
Dave Grimaldi retweeted
Legislation that empowers regulators to put forth principles-based regulation is best. But, clarity through the courts via an expensive, wasteful and painful process—that results in transparent and predicable outcomes for entrepreneurs—will be a positive outcome in the end. 🦄 – at Bronxville, NY
Dave Grimaldi retweeted
Things to watch for in today’s Senate Banking hearing with Treasury Deputy Secretary Wally Adeyemo:
-Adeyemo calling on Chair Sherrod Brown to grant Treasury/FinCEN additional authority (potentially followed by Brown dropping a bill to do just that)
-Warren bashing stablecoins and stablecoin bill, Lummis defending
-Tillis, Hagerty, and other Rs lining up behind the new Tillis/Hagerty ENFORCE Act (which is focused on centralized actors) — as a potential alternative to leg like DAAMLA or CANSEE
TL;DR: a lot of posturing, not a lot of action (with possible exception of stablecoins) this Congress
Dave Grimaldi retweeted
1) This week in Congress and crypto:
Congress is back this week and the topic of AML is front and center for the Senate with @wallyadeyemo slated to testify in front of @SenateBanking tomorrow. Treasury has been busy on the comms and sanctions enforcement front. What to watch: