Did We Just Witness Crypto's Inflection Point in the U.S.?

Did We Just Witness Crypto's Inflection Point in the U.S.?

The tone in Washington has changed abruptly with respect to crypto in the U.S. It is no exaggeration to say that this may be the most important moment for digital asset-related innovation in America to date.

In a few short days, SEC rules were overturned by Congress, the White House walked back its anti-crypto stance, the House approved legislation providing clarity around digital asset regulation, and the SEC approved the listing of Ethereum ETFs in the U.S.

With this backdrop, we welcome Rob Hadick, General Partner at Dragonfly, a $2.5bn crypto venture fund.

Dragonfly’s portfolio is a who’s who of leading crypto projects including Anchorage, Ava Labs, Blur, DYDX, Lido, MakerDAO, Matter Labs, NEAR, Polygon, Starkware and many, many more.

“My guess is that when we reach critical mass, the federal governments of these different localities will start to believe that they have to integrate stablecoins into the financial system themselves, and that will just put tailwinds behind the entire market. That could propel us to being as big or bigger than the Eurodollar market, which is $15 trillion.” - Rob Hadick

In this conversation, Rob and Will Beeson discuss the recent change in tone in Washington regarding crypto, the implications for the industry as crypto goes mainstream, the next 2-3 years of stablecoin market development, investing in CeFi vs. DeFi, the state of the current crypto VC market, investment dynamics as a top 5 crypto fund by AUM and more.

Thank you very much for joining us today. Please welcome, Rob Hadick.