Politico

Slaughter offered his post-election thoughts on why he thinks reflexive hostility to tech is a dead end for the party, his astonishment at the quick growth of crypto as a salient policy issue, and why he thinks Robert Moses still has a lesson or two to teach modern policy entrepreneurs.

Crypto is now a $3 trillion asset class owned by 20 percent of Americans. Yet crypto’s potential remains underrated because folks don’t realize it’s a software platform that is doing for money, finance, and digital property what the internet did for information and media.

Today, you can build a permissionless social media app on Ethereum, like Farcaster. You can create a system of peer-to-peer payments without intermediaries with stablecoins. And you can build trading systems with decentralized finance, or DeFi, without expensive middlemen. My colleagues are often amused how “behind” American policymakers can be on emerging technology. The frontier of tech is sitting right there in front of us.