Better Know a Crypto Candidate: Jerrod Sessler

As a seasoned entrepreneur, Navy veteran, and former NASCAR driver, Jerrod Sessler brings a unique perspective to the table as he challenges incumbent Dan Newhouse for Washington’s 4th Congressional District seat. His stance on decentralization, be it crypto or government bureaucracies, is clear: he’s all about keeping power in the hands of the people.

In the upcoming election for the U.S. House of Representatives, Jerrod Sessler, a Republican, will challenge the current representative, Dan Newhouse, in Washington’s 4th Congressional District. Both are Republicans, but Dan Newhouse has been in office since 2015.

In simpler terms, the fresh face within the GOP is a business owner who established HomeTask, a maintenance service company. Prior to this, Sessler served in the U.S Navy and was also a professional NASCAR racer. As per a video statement from Sessler himself, he firmly disagrees with the concentration of digital resources.

“Let me be clear: centralization of crypto, not only ruins the purpose and the freedom of crypto, but it also creates a voucher system for the countries or the people that agree to adopt such a system decentralized crypto is not controlled by or even visible to the government.”

As a passionate crypto investor, I pledge to stand firm against any forces that aim to undermine American freedom. In my role as a congressman, I vow to vigilantly resist any attempts to centralize cryptocurrency within our nation’s borders.

In addition to his opinions on cryptocurrency, Sessler also advocates against the centralization of vast government agencies. He has publicly pledged to work towards dismantling the excessive bureaucracy within these institutions and reducing their arbitrary regulation.

The individual responded to ten emails from CryptoMoon, each containing a query regarding their opinions on digital currencies and blockchain innovation.

Name: Jerrod Sessler

Party: Republican

Running: US House of Representatives, Washington 4th Congressional District

User: I’d be happy to share my thoughts on stablecoins. In my opinion, due to their growing significance in the digital economy, it would be prudent to regulate them similarly to traditional financial instruments. The specifics of regulation could involve ensuring transparency in operations, maintaining reserve requirements, and enforcing anti-money laundering and know-your-customer rules. This approach would help safeguard investors and promote trust within the digital asset market.

If we impose similar regulations on stablecoins as we do with conventional finance, it could lead to power being taken away from us and given to those who might suppress us, much like how control over the U.S. dollar is currently held by certain entities.

CT: Do you support the development of a CBDC (digital dollar) in the US? Why or why not?

Indeed, I believe it’s crucial for the USA, however, there should never be any obligation to adopt a centralized system without also offering the option of decentralization.

AL: Is it plausible that stablecoins could prolong the influence of the US dollar for several more decades? What’s your take on this idea, and do you support it or not? (reasoning included)

It seems likely that they will offer a bridge, helping individuals become more confident in taking the leap into the world of cryptocurrencies.

NL: In your opinion, what part should Congress take in overseeing Decentralized Finance (DeFi), and what particular advantages or drawbacks do you foresee in this area?

I support government regulations that prioritize public safety. Any potential risks need to be clearly disclosed. Clearly, fraudulent activities should not be tolerated. If something is a legitimate business operation or tool, it should be permitted. The beauty of deregulated systems lies in the fact that they limit the government’s control over internal affairs, which is generally beneficial.

How do you think these regulatory bodies, specifically the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), should be involved in regulating the cryptocurrency market?

A minimal approach could be considered for safeguarding investors while maintaining system stability, if this can be achieved without compromising the decentralized characteristics of these systems.

As a crypto investor, I wholeheartedly welcome the trend of traditional banks integrating cryptocurrency services. It signifies a significant step towards mainstream adoption, which could potentially bring more stability to the crypto market. Regarding the regulation of banks engaging in crypto activities, I believe Congress should take a balanced approach. They should establish clear guidelines for these institutions while also fostering innovation and growth within the sector. A comprehensive framework that addresses security concerns, consumer protection, and taxation would be ideal, ensuring both the safety of investors’ funds and the continued evolution of the crypto space.

JS: There is no need for Congressional regulation. Much of the banking regulation, currently, is harmful to the end-user. Congress is tasked with managing the currency, not the various distribution tools.

Are you an individual who holds any cryptocurrencies or digital assets, and if so, could your personal ownership potentially impact your views on the related matters?

You: Absolutely, I’m gradually picking up knowledge, and delving deeper into this field every day. While I’m far from being a master, it’s evident that this is where things are headed in the future.

Looking towards the next decade, what might be the trajectory of cryptocurrencies and blockchain technology within the United States? In this timeframe, how significant a part will Congress have in determining this path?

My aspiration is to acquire sufficient knowledge about space exploration to guide and steer our nation effectively in this realm, ensuring global financial dominance while preserving the individual liberties that I consider essential in the digital currency sector.

CT: What is your position on the self-custody of digital assets?

I have a few worries to share, mainly because I’m aware that disorganized management and poor record-keeping by some individuals might lead to the loss of assets. Additionally, I’m concerned about the risks associated with self-custody, such as theft and insecurities related to asset storage, which could potentially expose access codes to danger.

How significant do you believe a candidate’s stance on digital assets should be for voters during an election year?

JS: It is vital. It is also vital that we elect people who understand, and have some understanding, of where AI is taking us as a society. The general population does not understand the massive changes we are headed for with digital currency and AI in the next decade.

2024-10-24 00:15

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