Liquid Stake with compassSOL for an 8.04% APY from staking, MEV + fees
Enjoy the freedom of liquid staking in Solana Defi while delegating your stake to the high performance Solana Compass validator. Stake or unstake at any time here, or with a Jupiter swap.
Benefit from our high staking returns and over 2 years experience operating a Solana validator, and receive additional yield from priority fees + MEV tips
Earn 6.8% APY staking with Solana Compass
Help decentralize and secure the Solana network delegating your stake to us and earn an impressive 6.8% APY yield on your SOL, while supporting us to create new guides and tools. Learn more
Stake your SOL
- Click to connect your wallet
- Enter the amount you wish to stake
- Kick back and enjoy your returns
- Unstake from your wallet or our staking dashboard
Earn 6.8% APY staking with Solana Compass
Help decentralize and secure the Solana network delegating your stake to us and earn an impressive 6.8% APY yield on your SOL, while supporting us to create new guides and tools.
Breakpoint 2023: Veep or House of Cards? How Washington Makes Decisions
Published on 2023-11-09
A deep dive into the mechanics of decision-making in Washington, debunking misconceptions and highlighting the human aspect of politics.
Summary
The Breakpoint 2023 panel titled "Veep or House of Cards? How Washington Makes Decisions" offers a candid look into the inner workings of the U.S. government. The panelists, all experienced professionals who have served in different capacities within the government, share their insights on common misconceptions about how decisions are made in Washington D.C., especially within the context of Web 3 communities. They discuss the processes behind crafting legislation, the human element inherent in government affairs, and the importance of engagement from the public in shaping policy.
Key Points:
Understanding Washington's Decision-Making Process
A frequently asked question regarding political process in Washington is whether its nature resembles the comedic mishaps of "Veep" or the shrewd maneuvering of "House of Cards". The panelists collectively agree that it is somewhat a mix of both, depending on the context. Michael Cameron, a professional staff member with the U.S. House of Representatives and Landon Zinda, policy counsel at Coin Center, shared stories that illustrate the sometimes humorous and chaotic nature of political offices, reinforcing the understanding that despite the serious veneer, government operates with the same human foibles found in any workplace.
The Three Branches of Government and Their Roles
The panelists emphasize the importance of understanding the roles of the three branches of government – legislative, executive, and judicial – in policy-making. A particular focus is placed on the executive branch, which houses several agencies with significant power in implementing policies that affect the daily operations of industries, citing specific examples such as Treasury's influence through regulations. This underscores the notion that much of the detailed work in policy creation happens at an agency level rather than in the legislative chambers.
Engaging with Government Officials
The discussion demystifies the process of engaging with government officials, highlighting the importance of storytelling and tailoring messages to elected officials' interests. The panelists unanimously agree that establishing personal connections with members of Congress and their staff is crucial and attainable for individuals and companies seeking to effect change. They also debunk fears surrounding 'making oneself known' to members of Congress, reassuring that seeking out political engagement does not lead to negative repercussions.
Facts + Figures
- The panel comprises Washington insiders from the Solana Foundation, U.S. House of Representatives, Coin Center, and Caplin & Drysdale.
- Michael Cameron hints at the blending of comedic and strategic elements in decision-making akin to "Veep" and "House of Cards."
- Arjun Ghosh, a key author of the Gillibrand-Lummis bill, speaks to the often spontaneous and hurried preparation for policymakers' speeches.
- Government officials, including those at the SEC and other agencies, are not monolithic in their approach to regulation and engagement.
- The executive branch agencies play a monumental role in policy-making, sometimes overshadowing legislative activities.
- Constructive engagement with government entails tailoring your message to resonate with specific concerns and interests of elected officials.
- There is no 'hit list' for engaging with Congress, and members are typically open to meetings with constituents and other interested parties.
- Amir states that stories of human errors and mishaps, like an accidental upside-down appearance on a Zoom call, serve as reminders that politicians are as human as the rest of us.
Top quotes
- "Washington operates through agencies, with so much policy done through those agencies" – Arjun Ghosh.
- "If you're not at the table, you're on the menu" – Common phrase in D.C., as relayed by several panelists.
- "Members of Congress, we just want to be liked by people" – Michael Cameron citing an unnamed first member he worked for.
- "Inception might have happened with your former boss" – Speaking on how subtle persuasion influences political decisions.
- "If you give a member money, they're going to do something against the interest of their constituents or themselves, they're going to do what's right for them" – Arjun Ghosh on money in politics.
Questions Answered
What's the decision-making process in Washington like?
The decision-making process in Washington is best described as a mixture of strategic negotiation and occasional comedic errors. Echoing the sentiments of shows like "Veep" and "House of Cards," the process involves human elements, such as personal interests, eagerness to be liked, and last-minute decision changes amidst more structured procedures like hearings, markups, and legislative votes.
How can someone engage with their member of Congress?
To engage with a member of Congress, individuals can request a meeting by calling their office or scheduling via their website. Staffers are generally receptive to constituent meetings, and there is no negative repercussion, such as being placed on a 'hit list,' for making your presence and viewpoints known.
Is financial influence necessary to successfully engage in politics?
Money can facilitate access in politics, but it is not the only means to do so. Panelists emphasized the importance of face-to-face meetings and personal storytelling in influencing elected officials. While significant financial contributions may open doors, strong arguments and aligned interests ultimately sway decision-makers.
Do government officials make decisions uninfluenced by constituent input?
No. Constituents and industry experts have a substantial role in influencing the decisions of government officials. Politicians operate with the intent to be liked and supported by their stakeholders and often welcome engagement and input from those impacted by their policies.
What is the process of crafting a bill in the United States?
Crafting a bill involves several stages, starting from issue identification, bill drafting, committee hearings and markups for amendment and discussion, followed by voting in both chambers of Congress, and eventually requiring the President's signature. It is an intensive process, often requiring input from a range of stakeholders and subject to both human interests and technical scrutiny.
On this page
- Summary
- Key Points:
- Facts + Figures
- Top quotes
-
Questions Answered
- What's the decision-making process in Washington like?
- How can someone engage with their member of Congress?
- Is financial influence necessary to successfully engage in politics?
- Do government officials make decisions uninfluenced by constituent input?
- What is the process of crafting a bill in the United States?
Related Content
Breakpoint 2023: Water from a Stone: Liquid Staking on Solana
A deep dive into the evolving landscape of liquid staking on the Solana blockchain featuring key industry players.
Breakpoint 2023: ZK on Solana: Private Solana Programs
An exploration of zero-knowledge proofs for enhanced privacy on the Solana blockchain.
Breakpoint 2023: Proof of Impact - Decentralized Decision-Making at Scale
Insights into the evolution of DAOs and their impact on decentralized decision-making at scale.
Breakpoint 2023: Removing the Risk from DeFi
Former CEO of Amulet addresses the risks in DeFi and proposes a solution inspired by successful FinTech models.
Breakpoint 2023: Check the Chain Bro
George Harrap discusses vital metrics and developments in the blockchain space, emphasizing decentralization and ecosystem growth.
Breakpoint 2023: A World in a Grain of Sand: State Compression on Solana
Exploring the possibilities of blockchain scalability with state compression technology on Solana.
Breakpoint 2023: RWA and Banking
Jeremy Vaughn introduces Solstice, Aegis’s blockchain solution for modernizing core banking systems and integrating real-world assets.
Breakpoint 2023: Security Considerations from RPC Providers
Exploring the critical security considerations for RPC providers in Web3 infrastructure.
Breakpoint 2023: The Investor Nation
Mongolian entrepreneur shares a vision for transforming Mongolia's economy through blockchain technology
Breakpoint 2023: Fundraising in a Bear Market
A panel discussion with venture capitalists and founders on the challenges and strategies of fundraising in the 2023 bear market.
Breakpoint 2023: Buddy Link: The Future of Web3 Engagement
BuddyLink introduces a new dimension of Web3 user engagement and business marketing tools.
Breakpoint 2023: Creator Economy on Solana
Exploring the rising creator economy on Solana with a focus on on-chain monetization and relationships.
Breakpoint 2023: Power Talk: Hubble Protocol
A deep dive into the potential and challenges of DeFi protocols, with insights from a Hubble and Kamino Protocols contributor.
Breakpoint 2023: Finding Utility for NFTs
An in-depth look into the expanding utility and application of NFTs in Web3.
Breakpoint 2023: When Are You Going to Get Serious About Security?
A compelling call for developers to prioritize security in the Web3 ecosystem.
- Our Validator
- Borrow / Lend
- Liquidity Pools
- Token Swaps & Trading
- Yield Farming
- Solana Explained
- Is Solana an Ethereum killer?
- Transaction Fees
- Why Is Solana Going Up?
- Solana's History
- What makes Solana Unique?
- What Is Solana?
- How To Buy Solana
- Solana's Best Projects: Dapps, Defi & NFTs
- Choosing The Best Solana Validator
- Staking Rewards Calculator
- Liquid Staking
- Can You Mine Solana?
- Solana Staking Pools
- Staking On Solana
- How To Unstake Solana
- How To Unstake Solana
- How validators earn
- Best Wallets For Solana