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Greg Kidd

Independent Political Figure from Nevada, 2

https://www.kiddfornevada.com/x.com logohttps://twitter.com/gregkidd
Crypto letter grade of A

Strongly supports crypto

Greg Kidd has made 30 statements about crypto.

Candidate questionnaire

Notable statements

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Greg Kidd

@gregkidd

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RT @UpholdInc: 💰 Say Hello to 5.25% on $USBC—Higher Than Any Other Platform! For users looking to get the most out of their #stablecoin ho…
Very pro-crypto
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Greg Kidd

@gregkidd

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RT @USBCxyz: USBC now offers the best rewards of any U.S.-dollar backed stablecoin on Uphold’s new Rewards Center—join the thousands of use…
Very pro-crypto
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Greg Kidd

@gregkidd

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RT @_hardyaka: .@USBCxyz is a U.S.-dollar backed stablecoin founded by @gregkidd and Kirk Chapman and supported by the Hard Yaka ecosystem.…
Very pro-crypto
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Greg Kidd

@gregkidd

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What a thoughtful US policy on digital assets could look like. Evolved view from former SEC Chair Jay Clayton. WASHINGTON AND DIGITAL ASSEts I. Status – Washington is Flatfooted and the United States is Falling Behind Tens of millions of Americans believe that the United Sx.com/i/web/status/1…tructure is outdated and unfair. They view digital assets – both new products and the “tokenization” of well-known traditional products – as the best means to modernize and improve the financial system. They feel ignored or dismissed by the SEC, the banking regulators, and certain members of Congress. They are thirsting for sensible policies and action. Nearly 1 in 5 Americans hold digital assets. Over 52 million Americans participate in digital asset markets, 70% of whom are GenZ/Millennial and nearly half of whom are from diverse populations. Digital asset users can be reached easily. Users pay attention to developments in the markets and in Washington. They want to see sensible leaders and policies. 83% of users favor candidates committed to clear rules for digital assets. Voters are willing to cross party lines on this issue. Growing frustration with shortcomings of the current financial system and lack of meaningful engagement by regulators and Congress has made digital asset regulation an important factor in voting decisions. Voters are willing to cross party lines to support candidates who will take action. Voters prefer pragmatic polices to blunt anti-crypto rhetoric. Users see digital assets as an advancement in efficiency and protection. They view anticrypto politicians and regulators as poorly informed, unresponsive to their concerns about the current financial system, and captured by inefficient incumbents. Support is accelerating and respected institutions are calling for change. Recently, large well respected institutions have joined in the call for tokenization and updates to the financial system. Financial regulation stands at a crucial juncture. It is time for concrete, pragmatic action. II. Meaningful, Safe, Pragmatic Steps that Can be Taken Immediately The inaction and lack of leadership on regulation is widely apparent, harmful to U.S. interests, and unnecessary. Regulators can immediately take the following steps. They will improve competitiveness, resilience in the U.S financial system and increase consumer protection. Failure to take these steps is a choice that will harm U.S. financial system and consumers. Clarify rules for the custody of digital assets. The SEC can immediately rescind SAB 121 – a staff level action – and clarify that banks can custody digital assets. The SEC is currently forcing custody – the safekeeping of assets – outside the regulated banking system. Issue guidance regarding stablecoin products. Stablecoins have demonstrated the global acceptance of digital assets and have extended the reach of the U.S. dollar, yet there has been zero guidance from Washington. The SEC and CFTC can immediately clarify what types of stablecoin products are (or are not) securities, and the banking regulators can clarify what types of stablecoin products are permissible for banks. Banks, fintech companies and consumers are currently in the dark. Dedicate resources to anti-money laundering and national security. Digital assets can better fit within U.S. AML and KYC regulations than traditional assets. Regulators should immediately dedicate resources to ensuring the transition to digital assets improves our commitments to law enforcement and national security. These important incremental steps will facilitate innovation and enhance competition and consumer protection. There is no excuse for inaction. III. Consequences of a Continued Failure of Regulators to Act The negative consequences of inaction on this front are apparent, and will only become more significant over time. Absent immediate action: Other countries will step into the breach, putting the U.S. at a competitive disadvantage. Countries like the U.K. and Singapore are taking forward-looking action on digital assets, and in the last 6 years, the U.S. share of global blockchain development has fallen from 40% to just 26%. The U.S. dollar’s status could be threatened. The U.S. dollar’s status is driven by many factors, including its broad acceptance and efficiency. Emerging digital currencies, like China’s digital yuan, are focused on both acceptance and efficiency, posing a threat to the U.S. dollar’s status. Consumer protection, privacy and other U.S. values could be undermined. Consumer protections, property rights and privacy protections would be undermined if non-U.S. digital currencies prevail. Only by taking an active leadership role in the development and facilitation of digital assets, including U.S. dollar stablecoins, can the U.S. ensure our core rights and values are protected. Digital asset-related jobs would be pushed overseas. Digital asset-related job growth in the U.S. will stagnate if our current inaction continues. Indeed, Electric Capital projects that 1 million such jobs could be pushed overseas if the present regulatory environment persists. National security and law enforcement capabilities would be diminished. To avoid repeating the lapses seen in semiconductor and 5G technology, the U.S. must proactively embrace digital assets to protect the U.S.’s lead in global financial technology.
Very pro-crypto
Quoted from www.standwithcrypto.org on Jun 26th, 2024

Greg Kidd completed the Stand With Crypto Questionnaire and demonstrated support for crypto and digital assets. He emphasized the importance of crypto in driving technological innovation, economic growth, and job creation. Greg Kidd supports comprehensive regulatory frameworks that offer clarity and promote responsible innovation.

Somewhat pro-crypto
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Greg Kidd

@gregkidd

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SEC abandons misguided and illegal attempt to shame Ether into being a security: cointelegraph.com/news/sec-to-dr…. . Another win for common sense and a sign that political pressure is mounting to recognize crypto as a legitimate frontier for innovation in the US to re-establish leadership in the world.
Very pro-crypto
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Greg Kidd

@gregkidd

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R's and D's working together to GET STUFF DONE on innovation and crypto to ensure American leadership. Leave the flat earth society to Gensler and Warren (Marty already gone) pic.x.com/XUCXJ2IYGy
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Very pro-crypto
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Greg Kidd

@gregkidd

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UL balances are interoperable, global, and 24/7—powered by blockchain, but without any need for traditional crypto fees.
Very pro-crypto
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Greg Kidd

@gregkidd

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Edith and Sam pointing out that there may be daylight for crypto out of Hong Kong afterall
Very pro-crypto
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Greg Kidd

@gregkidd

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A primer on Solana, courtesy of @blockworks_: - 65k TPS w/ near zero fees - Runs on PoS/PoH hybrid -$8.6B in value locked among platforms—6th behind Ethereum, Terra, Avalanche, & Fantom -Leading platforms: @ProjectSerum, @QuarryProtocol, @MarinadeFinance
Very pro-crypto
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Greg Kidd

@gregkidd

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(3/4) “One of the largest companies in the world devoted millions of dollars to figuring out how to launch a stablecoin and concluded that it was impossible. It is demonstrably not impossible!“
Very pro-crypto
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Greg Kidd

@gregkidd

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The U.S. regulatory approach in a nutshell, courtesy of @matt_levine: (1/4) "Facebook Inc. (now Meta Platforms Inc.) announced in 2019 with enormous fanfare that it was going to launch a stablecoin and work closely with all of the relevant regulators blah blah blah,”
Very pro-crypto
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Greg Kidd

@gregkidd

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(2/4) “and it went to the Federal Reserve and said “what do we need to do to launch a stablecoin,” and the Fed said “you must bring me the egg of a dragon and the tears of a unicorn,” and now the Facebook stablecoin is shutting down.”
Very pro-crypto
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Greg Kidd

@gregkidd

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RT @_GlobaliD: Wondering what's going on in the world of digital assets? GlobaliD co-founder and CEO @greggkidd will be joining @JpThieriot…
Very pro-crypto
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Greg Kidd

@gregkidd

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RT @_GlobaliD: What we learned at Solana Breakpoint—from DeFi to identity to web3. @gregkidd and @_hardyaka managing partner Jun Hiraga bre…
Very pro-crypto
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Greg Kidd

@gregkidd

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RT @_hardyaka: Very cool stuff from @jack and @Square—a decentralized exchange powered by decentralized identity and verifiable credentials…
Very pro-crypto