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Fortune
Fortune
Leo Schwartz

THE TRUTH ABOUT: A look inside d c s new financial power scene | History Defined

David Sacks and JD Vance at the Republican National Convention

I traveled down the Northeast Corridor last week to Washington, D.C., where the vibe was downright giddy, at least if you’re in favor of small government (or, as one drunk Senate staffer put it to me, “We’re going to deregulate the SEC.”)

The Blockchain Association—one of the most powerful trade groups in town thanks to its bold stewardship of the crypto campaign financing blitz—was hosting its annual Policy Summit, which could be more aptly described as a victory party. Last year’s event was a more somber affair, with Deputy Treasury Secretary Wally Adeyemo stopping by to chastise the room for money laundering violations, as if the sector’s leaders were a group of misbehaving children. He wasn’t invited back this year. 

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