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Sheila Warren, CEO of the Crypto Council for Innovation, joins Unchained to explore the dramatic shift by Democrats in the last few weeks on crypto. She explains why she believes the overturning of SAB 121 and the House vote for the FIT21 bill were both instrumental to the White House's changing view on crypto and may have played a role in the SEC\u2019s surprising approval of spot ETH ETFs.\xa0\nHaving worked for years on passing crypto legislation and as a lifelong Democrat, Sheila describes what kinds of arguments were persuasive to Democratic members of Congress, addresses some criticisms of the FIT21 bill, and gives her perspective on the debate about single-issue voters.\nShow highlights:\n\nThe overall attitude toward crypto in Washington going into the House vote on SAB 121 on May 8\n\nThe bipartisan votes in the House and Senate to overturn SAB 121\n\nWhy, by the time of the Senate vote on FIT21, the White House had had a change of heart about crypto\n\nWhy, after the Senate vote to repeal SAB 121, the SEC approved the spot ETH ETFs\n\nWhy Sheila is so proud of the passage in the House of the FIT21 bill\n\nHow Sheila and CCI approached their discussions with Democrats and what arguments they found effective\n\nWhether the industry has survived the negative image of SBF and FTX\n\nThe sea change in the White House between the SAB 121 vote and the FIT21 vote\n\nA high-level description of the FIT21 bill\xa0\n\nWhat kind of authority the bill would give the CFTC over crypto\xa0\n\nWhat the implications of the bill are for launching tokens\n\nFIT21\u2019s approach to regulating DeFi and how the FIT21 bill is "kicking the can" on this topic\n\nThe overall political and legislation landscape and the next likely steps for crypto\n\nWhether the ETF approval changes anything about the SEC\u2019s investigation into Ethereum\n\nWhat Sheila thinks about the 'crypto single-issue voter\u2019 debate\xa0\n\n\nVisit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com\nThank you to our sponsors!\n\nPolkadot\n\nVaultCraft\n\nGuest:\n\nSheila Warren, CEO of the Crypto Council for Innovation\n\nPrevious appearance on Unchained: Did FTX Ruin Crypto\u2019s Image on Capitol Hill? Two DC Insiders Discuss\n\n\nLinks\n\nPrevious coverage on Unchained of the recent shift in the US political landscape:\n\nSenator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in Congress\n\nBits + Bips: Is US Politics Driving the ETH ETF Approval?\n\nWhy Spot Ether ETFs Are Now Likely to Be Approved on Thursday\n\n\nSAB 121\nBloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance\xa0\nFIT21\n\nCCI: FIT21 Coalition Support Letter\n\n\n\nUnchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited?\n\n\n\nSheila\u2019s op-ed on Fortune: The clock is ticking for Democrats on crypto\n\n\nSpot Ether ETFs\nUnchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security\n\nEthereum Foundation investigation\n\nFortune Crypto: SEC probing crypto companies in Ethereum investigation as hopes for ETF dim\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices