Jim Messina – a former advisor to President Barack Obama – has been making a real name for himself in the world of digital currencies. As his former deputy chief of staff, he is now a heavy crypto lobbyer who’s looking to instill certain guidance and regulations for digital currency exchanges stationed throughout London and the United Kingdom.
Jim Messina Brings Crypto and Politics Together
Messina is presently a political operative working on the board of Blockchain.com. As its government relations and policy strategist, he seeks to ensure the firm consistently remains compliant with present rules surrounding the crypto space. Lane Kasselman – the chief business officer of Blockchain.com – described the situation as such in a recent interview:
You can say that we are probably one of the most prolific companies when it comes to public policy engagement related to crypto globally, certainly in the U.S. and western Europe. That’s a direct result of Jim and his guidance on that front.
Crypto regulation has really taken a forefront in today’s political world. There was never a time – until now – that politicians all over the world appeared to be super hyped up about controlling the fate of the digital currency scene.
A few months ago, Joe Biden issued a crypto executive order calling for agencies in the U.S. to conduct research on digital currencies to see what advantages and disadvantages were present. He also sought to open the door to a digital dollar.
But while crypto regulation is potentially necessary to some degree, it’s also something of a two-sided coin (pardon the pun) given it goes against everything crypto initially stands for. When the crypto space was first brought to light about 13 years ago, it was done so with the idea of ending all third-party interference and preventing banks and financial institutions from having any say in how people used their money.
Should crypto be introduced on a wide scale, it’s likely some of the financial liberties crypto traders have seemingly enjoyed over the past several years could dissipate quickly. At the same time, regulation could potentially be necessary to ensure no fraud or illicit behavior remains prominent within the space.
Making Regulation Work Across the Board
Continuing his discussion of the matter, Kasselman said:
It’s core to our business belief that we should give people control of their assets and protect them from all other potential interference, and Jim really made us think through ‘What is that argument, what’s going to work in Brussels? What is it that those members of parliament are worried about and how do we address these concerns?’ As a result of his counsel, having worked with heads of state across Europe for years, we crafted, I don’t want to call it a campaign, but sort of an argument that we went in and met with some of the ministers and won.