Melissa Lee (Anchor) 00:00.310
welcome back the crypto industry taking a unique approach to lobbying capitol hill lawmakers emily wilkins joins us with the details ham
Emily Wilkins (Washington Correspondent) 00:07.430
hey melissa well yeah look crypto it made a splash in DC with millions in campaign donations a huge lobbying effort on the hill now they're trying something new a dive bar pub key might look like your average tavern at first glance but little easter eggs like a bitcoin ticker on
Emily Wilkins (Washington Correspondent) 00:23.270
the wall a cocktail on the menu called the orange pill whale and most importantly the ability to pay with bitcoin this is a crypto bar and for co-founder thomas pakia the space is less about the food and more about the community around bitcoin the
Thomas Pacchia (Co-founder and CEO) 00:40.590
idea of pub key is really more of a media company with a hospitality wrapper and we build the culture and community through physical locations
Emily Wilkins (Washington Correspondent) 00:48.710
pub key also has a podcast studio and plans to hold weekly events helping explain digital assets to the crypto curious assisting with that effort is crypto think tank the bitcoin policy institute which has their offices inside the space connor brown the group 's head of strategy
Emily Wilkins (Washington Correspondent) 01:04.950
said he hopes the place will allow for more dialogue with policymakers experts and academics
Conner Brown (Head of Strategy) 01:12.090
this is a long standing problem with with bitcoin is that sometimes people see it as being too intangible it is a virtual asset and so it's difficult for people to you know get their arms around it sometimes but with pub key we now have a physical location where people can come
Conner Brown (Head of Strategy) 01:28.290
to and really see bitcoin in person
Emily Wilkins (Washington Correspondent) 01:31.750
pub key officially opened last friday but it's already welcomed folks like including treasury secretary scott besson and lawmakers from both parties the groups say they want the space to remain nonpartisan and open to all even if you don't have crypto you are still welcome to
Emily Wilkins (Washington Correspondent) 01:46.750
come grab a beer and a burger guys
Carl Quintanilla (Anchor) 01:49.430
emily i wonder how you gauge sort of momentum of crypto policy on the hill especially with the announced retirement of senator loomis and whether or not there'll be enough champions to push some of these things over the hill
Emily Wilkins (Washington Correspondent) 02:01.750
carl it's a really good question i think you know senator lummis means that a huge heavyweight on crypto is leaving the hill that said there are a number of other senators on both sides of the aisle who are really committed to trying to get something done and there's been a lot
Emily Wilkins (Washington Correspondent) 02:15.230
of action we've seen a lot of meetings everyone from bankers to major crypto companies but the fact of the matter is is that the issues they were grappling with on this market structure bill a couple months ago remain the kind of main sticking points that they're trying to
Emily Wilkins (Washington Correspondent) 02:28.470
figure out now and of course as you know next year you have the midterm which means you can kind of do some legislating in the first few months of the year but after that really kind of runs down the clock on the ability to get something done