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Oct 26-27: Speaking on Three Crypto Policy Sessions

Oct 28: Ted-Styled Talk at SOCAP Global, "Brief & Bold: Lightning Talks for Collective Impact"

Last week, 131 Republican lawmakers sent a joint letter to Treasury Secretary Scott Bessent and OMB Director Russell Vought, urging the continuation of the Community Development Financial Institutions (CDFI) Fund’s statutory work. The signatories reaffirm that CDFIs are vital to rural and underserved communities. 

It is clear that these institutions need to be positioned to meet the emerging needs of the populations they serve as digital finance grows. Blockchain Foundation has proposed a provision to the Senate crypto market structure legislation that is currently in development. It calls for a federal study to explore a pathway for how CDFIs and MDIs could be authorized to offer digital assets via compliant, third-party partnerships, as well as how CDFIs and MDIs can deploy financial education and risk management programs to increase consumer awareness about tools to combat fraud and scams. 

Additionally, there is a bipartisan Senate Community Development Finance Caucus in support of Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) chaired by U.S. Senators Mark Warner and Mike Crapo.

Current SEC cryptocurrency regulator Mike Selig has been nominated by President Trump to head the Commodity Futures Trading Commission (CFTC). Selig serves as chief counsel for the SEC’s crypto task force. He previously worked as a partner at the law firm Willkie Farr & Gallagher, based in New York City.

During last week's Payments Innovation Conference, Federal Reserve Board Governor Christopher J. Waller said "I wanted to send a message that this is a new era for the Federal Reserve in payments—the defi industry is not viewed with suspicion or scorn." He also introduced a new initiative, a skinny master account.

"The account would provide access to the Federal Reserve payment rails while controlling for various risks to the Federal Reserve and the payment system. To control the size of the accounts and associated impacts on the Fed's balance sheet, the Reserve Banks would not pay interest on balances in a payment account, and balance caps may be imposed." 

Stream this interview with Cleve Mesidor on the Chief Influencer Podcast.

Cleve Mesidor is featured among SheCrypto's new list of the top 20 women in crypto and Web3.

butterscotch is a digital news studio broadcasting stories about Black, Latino, Indigenous DeFi retail investors, Web3 consumers, founders, executives, officials. The virtual newsroom - featuring eNews, Podcast, Live Events – seeks to deepen mainstream understanding of diverse segments of the emerging $4 trillion crypto industry.

Cleve Mesidor, CEO & Managing Editor

Ashlynn Mesidor, CTO & Co-Founder