Podcast: Senator Lummis on Why the Infrastructure Bill Kills Innovation

Jason and Senator Lummis talk bout the proposed infrastructure bill and the impact it could have on bitcoin and innovation at-large.

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US Senator Cynthia Lummis (R-WY)

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In the latest episode of Blockworks’ podcast “Empire,” Jason Yanowitz , co-founder of Blockworks, sits down with US Senator Cynthia Lummis (R-WY) to talk about the proposed infrastructure bill and the negative effects the bill could have for bitcoin, digital assets and innovation.

This is a shorter episode than usual as Senator Lummis had less than 30 minutes to record between votes.

Senator Lummis and Jason talk about:

  • Impact of inflation
  • Increasing national debt
  • Fiscal policy
  • The infrastructure bill
  • Knowledge of BTC in the Senate
  • Regulation vs innovation

Check out what they had to say in the video below. 👇

On “Empire,” once a week, Jason interviews individuals that have built the crypto industry to talk about their struggles, bold moves and tough decisions. For any NPR or Guy Raz fans out there, you can think of “Empire” like a “How I Built This” for the bitcoin and crypto industry.

Episodes are released every Thursday morning. 

Subscribe to Empire today on Apple or Spotify. Watch episodes on YouTube.

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Compute demand is two-sided, the precondition for any hedging market. Producers (neoclouds and independent data centers) fear their inventory clears below cost. Consumers (inference platforms and the agentic application layer) fear compute will get more expensive. The common read holds that nonfungibility keeps both off any general exchange, since a buyer wants a named SKU in a named region rather than a basket, so the trade stays bilateral and the only exchange users are dealers hedging their book. That describes launch conditions, but understates how commodity markets form. Canonical benchmarks get made through trading, and reservations standardize as the curve deepens. The dealer-intermediated structure is not the end state, it is the seed of one.

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