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Zaprite's Lewis, one of the Commons' most vocal policy thinkers, agrees that things are moving in the right direction — particularly around the government's decision to establish a formal national bitcoin reserve.
While a crypto executive order is an important first step, "codifying it with law will help drive further regulatory clarity that the U.S. is open for bitcoin," Lewis said. "It will also be good for the country ... the biggest priority would be for the regulatory clarity piece, pushing Sen. Lummis' Bitcoin Act to codify and make permanent."
Senator Lummis, a longtime advocate for the industry, is pushing legislation to codify bitcoin protections into federal law. Her proposed legislation outlines a plan for the U.S. to buy bitcoin with "existing funds" of the Treasury Department, which includes tax revenue. The idea, in part, is to position bitcoin as a strategic reserve asset — one that could appreciate over time and reduce reliance on debt. The senator has said that the ultimate goal is to reduce the federal deficit, as well as position bitcoin alongside gold and other hard assets as a way to strengthen the dollar over time.
Without the Bitcoin Act becoming law, Lewis warns that today’s tailwinds could reverse with a single administration change.
But while Washington debates bitcoin's role in the future of the U.S. economy, Suman was already betting his own on it.
"Why did I leave this really cushy job at Apple, where I was getting paid a lot and had stock and that kind of stuff, to come here, where my future is uncertain?" he said. "It's the possibility of building something new that I think is really needed in the world. And I hope that it pans out. ... If it doesn't, and we go down in a glory of fire, at least I will have tried something that I really believe in."
Even after he accepted the offer to join Mutiny — later pivoting into Open Secret — things didn't calm down. "That was right when a prominent group of developers were arrested," he recalled. "They were developing an app called Samurai, and they got arrested. I had accepted my offer with Mutiny, but I had not yet left Apple."
The gamble wasn't just career-based. It was emotional. Existential.
"Knowing that people were being arrested and there was a lot of uncertainty, I still dove in," he said. "The guys said, 'Listen, if you're worried, we can just call this off and you can stay at Apple,'" Suman recalled. "But I said, 'No, I really believe in what we're building. Let's make this thing scale.'"
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