Michelle Bond, the head of the Association for Digital Asset Markets(ADAM), launched her campaign for a seat on Congress in New York’s 1st District. Bond is running as an independent and positioning herself as businesswoman in keeping with the policies of former President Donald Trump.
ADAM Michelle Bond, the CEO of crypto trade organization ADAM, announced Thursday that she will run for a US House seat in New York’s 1st District.
Long Island native, the Long Islander, has her sights on the GOP ticket in that district. Republican incumbent Lee Zeldin left no clear path and opted to run for governor.
Bond has presented herself as a prolife, pro-Trump businesswoman and stands against “career politicians”, the current administration’s economic policy, and which she blames high inflation and high gas prices.
Bond was previously the global head for policy and regulatory affairs at two fintech firms before he took over ADAM, which stands for Association for Digital Asset Markets.
Bond is no stranger on Capitol Hill. He has served as international counsel to the Securities and Exchange Commission (SEC), and as a subject matter specialist on the US Senate Committee on Banking, Housing, and Urban Affairs. This was specifically for the Dodd-Frank Act, that tightened regulation of the swaps market following the 2008 financial crisis.
Bond, at ADAM, has attempted to fulfill the organization’s main mission, which is encourage market integrity through setting a code for conduct for companies. To promote self-regulation in crypto.
According to the Republican candidate, regulators and legislators often cite the group.
The group also met with Senator Cynthia Lummis who recently introduced the long-awaited bill. This bill (the Responsible Financial Innovation Act), clarifies a number parameters regarding crypto regulation. It includes how much oversight federal agencies should have. It states that digital assets that are commodities, such as bitcoin and ether, fall within the scope of the Commodity Futures Trading Commission.
Bond spoke out about possible regulatory implications as the crypto industry struggles with the aftermath of events such as the Terra crash or Celsius’s freeze on all transfers.
Stablecoins seem like the low-hanging fruits. She stated that she expects that there will be lots of policy-making. “Disclosure is really like what people have been pointing out (…) Disclosure are not sporadic Tweets.”
Bond stated that crypto was not a priority in her plans to run for a seat at the United States Congress. She is instead focusing on what she believes to be the interests of her district (Suffolk), a district that skews mainly towards the economy.
“My job in Congress will be quite different from what I do now.” She said that she would draw on my business experience to guide my decisions. “Crypto is] clearly a hot area of policy. She said that Capitol Hill will continue to focus on this debate.