On Sept. 20, 2021, America (and Crypto Twitter) was hit with news of an unsuspecting U.S. Senate bid.
On his official Twitter profile, Ryan Selkis has declared his intention to run for the U.S. Senate in the next elections.
What a noble intention — but what would have triggered this sudden declaration?
“If you're wondering when I decided to run for Senate, it was when these f****** came to my event, didn't buy a ticket, and served one of the speakers a subpoena. Enough talk. More war on our out-of-control regulatory state.”
Ouch! Wait a second!
Who Is Ryan Selkis?
You call him a hero, a crypto advocate or probably a pain in the butt for the U.S. Securities and Exchange Commission (SEC). However, Selkis has a long history of accomplishments as a former venture capitalist and entrepreneur.
He is currently the founder and CEO of Messari, a crypto data and research company which aims to bring transparency to the crypto sector to help investors and the general public.
In a nutshell, he is a cryptocurrency firebrand. No wonder he takes seemingly unfair treatments meted out by regulatory bodies on the cryptocurrency sector so personally.
Selkis and Crypto Regulators
Ryan has also invited the SEC on several occasions to talk and share information about cryptocurrencies. However, he has been met with an uninterested attitude every time — it seems like these guys love the Bronze Age.
Now we can see why he’s so fired up! It’s an accumulation of anger, rejection and disrespect!
Aside from Selkis and his Senate run, there have been some newer, stricter regulations debated around the cryptocurrency market lately. Some notable regulatory figures have also taken some pretty strong stances against the crypto space.
Gensler has also spent a great deal of time engaging entrepreneurs through numerous speaking engagements in this industry, so his views can carry a lot of weight in terms of moving public opinion.
While you might think that Gansler’s wide knowledge in the crypto niche would make him a crypto advocate, he instead always speaks about the need for protecting investors through regulation.
What if something happens to these cryptocurrencies? What if they aren't worth as much as they’ve been promoted? These questions are what could lead to regulation that could hinder innovation, and people like Selkis are being vocal about preventing that from happening.
What Selkis’s Intention to Run for Senate Means for the Cryptocurrency World
You have to be the system to beat the system! At least, that’s what Selkis seems to be thinking.
Selkis may be one of the first big crypto figures to run for a political position. Others could follow suit, and this will be healthy for the industry — it’s important to have people in charge that understand cryptocurrencies.
It would be great to have a crypto superhero as a senator — but we’ll have to wait and see how the people vote when Selkis’s Senate run really begins.