In a significant shift for the crypto landscape, Jerry Brito, the founding executive director of Coin Center, is set to step down at the end of the year, marking the conclusion of a remarkable decade at the forefront of cryptocurrency advocacy. Alongside him, Senior Policy Counsel Robin Weisman will also be departing, while Peter Van Valkenburgh is poised to take over as the new executive director.
Brito announced his departure in a heartfelt post on Coin Center’s website, where he emphasized his ongoing commitment to the organization by retaining a board seat. Similarly, Weisman will remain on the board, ensuring continuity as the organization navigates its next chapter.
“Peter understands Coin Center’s mission better than anyone,” Brito stated, praising Van Valkenburgh’s deep expertise at the intersection of cryptocurrency and constitutional law. As a familiar face at congressional hearings and policy events, Brito has been a key figure in advocating for a balanced regulatory approach to digital assets.
Reflecting on his tenure, Brito expressed pride in Coin Center’s achievements. “Our goal was to secure time for Bitcoin to reach ‘escape velocity,’ and I believe we’ve succeeded,” he wrote. Yet, he acknowledged that the fight for crypto rights is far from over.
One of the pressing issues Coin Center continues to tackle is the Internal Revenue Service’s (IRS) proposed rules on crypto tax reporting. Under changes stemming from the Infrastructure Investments and Jobs Act of 2021, individuals exchanging digital assets over $10,000 would be required to report sensitive personal information, such as names and Social Security numbers. Coin Center has actively challenged the constitutionality of these rules, arguing they represent “overbearing surveillance.” Just last month, a judge in the U.S. Court of Appeals for the Sixth Circuit revived the case after an earlier dismissal.
As Coin Center celebrates its first decade, the leadership transition underscores the ongoing evolution of cryptocurrency advocacy in an ever-changing regulatory landscape. While Brito and Weisman prepare to embark on their next adventures, their legacy at Coin Center will undoubtedly shape the future of crypto policy.
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