**Sheila Warren, CEO of the Crypto Council for Innovation, joins Unchained to explore the dramatic shift by Democrats in the last few weeks on crypto. She explains why she believes the overturning of SAB 121 and the House vote for the FIT21 bill were both instrumental to the White House's changing view on crypto and may have played a role in the SEC’s surprising approval of spot ETH ETFs. **
Having worked for years on passing crypto legislation and as a lifelong Democrat, Sheila describes what kinds of arguments were persuasive to Democratic members of Congress, addresses some criticisms of the FIT21 bill, and gives her perspective on the debate about single-issue voters.
The overall attitude toward crypto in Washington going into the House vote on SAB 121 on May 8
The bipartisan votes in the House and Senate to overturn SAB 121
Why, by the time of the Senate vote on FIT21, the White House had had a change of heart about crypto
Why, after the Senate vote to repeal SAB 121, the SEC approved the spot ETH ETFs
Why Sheila is so proud of the passage in the House of the FIT21 bill
How Sheila and CCI approached their discussions with Democrats and what arguments they found effective
Whether the industry has survived the negative image of SBF and FTX
The sea change in the White House between the SAB 121 vote and the FIT21 vote
**A high-level description of the FIT21 bill **
**What kind of authority the bill would give the CFTC over crypto **
What the implications of the bill are for launching tokens
FIT21’s approach to regulating DeFi and how the FIT21 bill is "kicking the can" on this topic
The overall political and legislation landscape and the next likely steps for crypto
Whether the ETF approval changes anything about the SEC’s investigation into Ethereum
**What Sheila thinks about the 'crypto single-issue voter’ debate **
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Previous appearance on Unchained: Did FTX Ruin Crypto’s Image on Capitol Hill? Two DC Insiders Discuss)
Senator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in Congress)
Bits + Bips: Is US Politics Driving the ETH ETF Approval?)
Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday)
SAB 121
FIT21
**Unchained: **FIT21 Bill Heads to The Senate: Should We Really Be Excited?)
- **Sheila’s op-ed on Fortune: **The clock is ticking for Democrats on crypto)
Spot Ether ETFs
Ethereum Foundation investigation
- **Fortune Crypto: **SEC probing crypto companies in Ethereum investigation as hopes for ETF dim)
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