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Fortune

Leo Schwartz

The White House's top crypto critic departed. What does that mean for a stablecoin bill?

Bharat Ramamurti the White House Crypto Patrick McHenry Joe Biden United States Lael Brainard Leo Schwartz Leo Schwartzleoschwartzfortunecomleomschwartz Tom Emmer

(Credit: Olivier Douliery—Getty Images)

Proof of State is the Wednesday edition of Fortune Crypto where Leo Schwartz delivers insider insights on policy and regulation.

Led by the newly shorn Sam Bankman-Fried, the crypto circus has rolled into the Southern District of New York, occupying every crypto reporter on this side of the Mississippi who will find themselves trapped in the electronics-free courthouse for hours every day.

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