Justin Slaughter pfp

Justin Slaughter

@jbsdc

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411 Followers
Justin Slaughter pfp
Justin Slaughter
@jbsdc
Half-done is not all done. I’m not expecting Senate action on market structure before the fall. But passage is actually possible if unlikely given strong House vote of ~280.
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
Rumor around town is Trump is going to issue an Executive Order at GENIUS singing ceremony that Bitcoin sales aren’t covered by capital gains taxes.
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
Finally, 42% of crypto owners said crypto was extremely or very important to their 2024 vote. Trump won the extremely important vote 48-34%. Given how close it was, Dems lost the last election for a million reasons (inflation, the border, Biden). But if they hadn’t gone to war to destroy crypto, they might’ve won.
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
Most crypto owners (54%) just own BTC, ETH, and/or stablecoins. Just 19% own any memecoins. We’re still heavily weighted to the major chains as a user base. Though just 50% of those 23-28 only own BTC, ETH, and/or stablecoins.
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
10% of crypto owners got a crypto account before they got a bank account or a Venmo/PayPal account. The story of people getting access to the financial system for the first time via crypto is real, and we should be shouting this fact from the highest rooftop with the ferocity of a medieval bell tower ringer.
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
10% of crypto owners got a crypto account before they got a bank account or a Venmo/PayPal account. The story of people getting access to the financial system for the first time via crypto is real, and we should be shouting this fact from the highest rooftop with the ferocity of a medieval bell tower ringer.
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
A couple of key points for all of you in this wonderful and wild space: - 88% of crypto users are gamers, and 51% play games everyday. This is a good argument that until we have 90% of gamers in crypto, we haven’t fully engaged that community. Also, folks should redouble efforts to get crypto into games.
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
Very happy to announce the release of our new market mapping survey; for the first time anywhere, we polled 4000 crypto users to get a comprehensive study of who crypto owners are, what motivates them, and what they believe. https://www.paradigm.xyz/2025/07/paradigm-policy-market-mapping-exercise-spring-2025
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
Few forms of joy greater than surprising your 13 year old son with a Switch 2.
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
Yes that would still require a cloture vote because once you pass a bill, you’re “off” the bill. To have Senate get back “on” the bill requires another cloture vote.
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
Little known fact: we’ve had the last cloture vote on Genius. At this point, all major votes (not on amendments) require just 50 votes I believe.
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
Not to be a downer, but while we over performed in cloture on GENIUS (gaining a few Dems like Hickenlooper and Kim while only losing GOPer Hawley and Blunt Rochester), we underperformed in both House AG and HFSC on Clarity. Odds of stablecoin legislation passing are 95%, odds of market structure passing are 20-25%.
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
Nice to see even anti-crypto push polls are starting to give results that match the positions that we crypto have. In all seriousness, DfP does great work, and I wish they’d asked hwo many voters own crypto. https://x.com/dataprogress/status/1932857239196332470?s=46&t=6pIOBuXCDYR3MDdqas9hTg
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
I don’t think the messy Musk-Trump divorce is going to immediately impact crypto policy, if the second order effects could be bad. If Bannon regains sway and a prime perch next to Trump, the odds of a broad tech crackdown increases, and that could wrap in crypto.
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
At long last, a constructive article on Genius from the left! It: - notes stablecoins are useful and important - proposes some changes on issuance and oversight that aren’t inherently poison pills - actually seems to be concerned with how stablecoins work than that they will exist. The tragedy is it comes literally too late for Senate amendments. If this had been published a few months ago, maybe this whole debate would’ve been different. https://www.americanbanker.com/opinion/the-senates-stablecoin-bill-risks-repeating-past-legislative-mistakes
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
This is a bad idea that will at the very least cause some people to lose their homes on margin. It will end badly and probably with more regulations placed on crypto to restrict the industry’s future growth. Not everything needs to be available for 10x leverage.
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lawrenceroman.eth
@lawrenceroman
I honestly think that social media + “muzzle velocity” is eroding critical thinking en masse. Total sensory overload, So much that’s hard for regular working folks to do any research on what’s true or just fake. From my POV one can be pro crypto and anti corruption/scams. The Trump coin is total Theranos vibes.
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
Study oppressor/oppressed theory.
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
This piece and others is being taken as gospel by a lot of Dems that are already skeptical of crypto. Go into the comments and you can literally find former Clinton and Obama Admin senior advisor Reed Hundt praising this as enlightening. Crypto has a very hard problem for the remaining skeptical Democrats: anyone in crypto is seen as talking their book, and those outside crypto (who almost invariably are negative on it if they are commenting on it) are seen as clear truth-tellers. The substance of the argument is irrelevant - the identity of the messenger is what appears to matter, with a very prominent academic who clearly doesn’t understand the basics of the tech having his jeremiad regarded as gospel.
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Justin Slaughter pfp
Justin Slaughter
@jbsdc
You should write this up. It’s notable Farcaster has good vibes and community while BlueSky has an ever escalating series of flame wars and attempting purgings of whoever is deemed least pure currently.
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