Proof of State is the Wednesday edition of Fortune Crypto where Leo Schwartz delivers insider insight on policy and regulation.
As anyone who gained their civics education from Schoolhouse Rock should know, it’s not easy to pass a law. For the crypto industry, last year seemed like a golden opportunity. There were enthusiastic legislators, bipartisan support in multiple key committees, and even an affable young founder willing to educate lawmakers and fill their pockets with donations.
