**Crypto Regulation Talk at Permissionless III**

At the Permissionless III conference, Utah Congressman John Curtis and Senator Mike Lee discussed the future of digital asset policy in the U.S.

- **Bipartisan Efforts:** Curtis highlighted the fragile nature of bipartisan cooperation on repealing restrictive crypto custody rules for banks. He emphasized the need for collaboration with Democrats to avoid partisanship, which could hinder progress.

- **Education is Key:** Curtis urged industry professionals to educate lawmakers on the complexities of cryptocurrencies to alleviate their fears.

- **Senator Lee's Stance:** Lee warned against the Federal Reserve creating a central bank digital currency (CBDC), overregulation, and inconsistent state regulations. He argued that digital assets require new regulatory approaches and should not be taxed as capital gains.

Both lawmakers agreed that balanced regulation is crucial for fostering innovation in the crypto industry.