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Sarah Brennan is a US corporate & securities lawyer and acts as General Counsel for Delphi Ventures, a VC firm focused on Web3 investment. She has spent 14 years focused on corporate securities law and became active in the digital assets space in 2017.  Brennan is also a co-founder of the LeXpunK project with her focus on legal advocacy for decentralized communities. Speaking exclusively with crypto.news, the cryptolaw advocate shared her thoughts on crypto super PACs, failed regulation, and the danger of recreating the traditional financial system with crypto all over again. Major institutions are a “double-edged sword” Crypto companies like Ripple and Circle have raised over $100 million to fund congressional campaigns over the last year. In doing so, they’ve formed a crypto super-PAC as a response to harsh regulation from the SEC and Biden administration, such as the controversial SAB 121 crypto bill which Biden recently upheld. “I personally think the SAB 121 is reflective of the Biden admin’s various attempts to cut us off from the broader financial system,” Brennan tells crypto.news. “Ultimately, it seems that while the Biden campaign wants our votes, they do not want to be accountable to us on policy.” 7pm on a Friday is a coward’s move. There is NO good faith reason for SAB 121 to exist. If someone shows you who they are (for the 1000th time), believe them. https://t.co/xE2UfTW1mk — S. Brennan (@SH_Brennan) May 31, 2024 However, while Brennan supports “younger, digitally native candidates” in politics, she expresses concerns over the nature of the lobbying efforts by major players. “I worry about having political momentum and where that takes us — crypto is not monolithic and decentralized communities are least able to politically protect themselves.“ “We need more creative attempts at regulating that are reflective of the paradigm shifts…

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Filed under: News - @ June 22, 2024 5:10 am