TOKENIZATION POLICY
The Vanderbilt Terminal for Digital Asset Policy & Regulation
INDEPENDENT INTELLIGENCE FOR TOKENIZATION POLICY, LEGISLATION & POLITICAL ECONOMY
GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91| GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91|

Revolving Door

Brian Quintenz: From CFTC Commissioner to A16z Advisor to CFTC Chair

Brian Quintenz's career — CFTC commissioner, a16z policy advisor, nominated CFTC Chair — encapsulates the revolving door dynamics of US crypto regulation and represents the most crypto-friendly CFTC leadership in the agency's history.

Donovan Vanderbilt · February 24, 2026 · 8 min read

Regulatory Capture

The phenomenon whereby regulatory agencies come to serve the interests of the industries they regulate rather than the public interest, through mechanisms including the revolving door, lobbying, and information asymmetry.

Donovan Vanderbilt · February 24, 2026

Regulatory Capture in Crypto: The Systematic Analysis

Regulatory capture — where regulated industries gain control of their regulators — is the central political economy problem in crypto regulation. The evidence from the US, EU, and UK reveals multiple forms of capture, each with different consequences.

Donovan Vanderbilt · February 24, 2026 · 9 min read

The Political Economy of Tokenization: Lobbying, Power, and Who Writes the Rules

Why tokenization regulation looks the way it does — the interests, coalitions, institutional dynamics, and political forces that shape digital asset law.

Donovan Vanderbilt · February 24, 2026 · 20 min read

The Revolving Door in Crypto Regulation

The movement of personnel between crypto regulatory agencies and the crypto industry, raising questions about regulatory capture while providing genuine expertise to both sectors.

Donovan Vanderbilt · February 24, 2026

The Revolving Door in Crypto Regulation: A Systematic Map

The movement of individuals between crypto industry and government regulatory positions — in both directions — is the most structurally significant feature of US crypto regulatory politics in 2024-2026.

Donovan Vanderbilt · February 24, 2026 · 8 min read

The Tokenization Lobby: Who Funds What and Why It Matters

A mapping of the full lobbying ecosystem around crypto and tokenization policy — from Fairshake PAC's $202.9 million war chest to TradFi counter-lobbying, think tank funding, and the revolving door.

Donovan Vanderbilt · February 24, 2026
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