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Leo Schwartz

Why Gary Gensler can find a sympathetic crowd among Bitcoiners

Gary Gensler SEC Bitcoin Jack Mallers Leo Schwartz Leo Schwartzleoschwartzfortunecomleomschwartz Coinbase Cory Klippsten Crypto

(Credit: Tom Williams—Getty Images)

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

Bitcoin Miami is a hallucinatory affair—look to your right, and you may see a sitting senator give a full-throated defense of mining, while a procession of black-suited mourners carry a coffin filled with cash to your right. That tension of absurdity has come to define the conference, which just wrapped up its last year in the Magic City before decamping to Nashville in 2024.

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