Heated Congressional Hearing on Cryptocurrency Regulations

This chapter explores a recent hearing where SEC Chair Gary Gensler faced intense questioning from the House Financial Services Committee about cryptocurrency regulations. The discussion reveals partisan divides among lawmakers, with Republicans criticizing Gensler's agenda while some Democrats show support. Key topics include the classification of Ether, the SEC's enforcement actions, and calls for restructuring to improve regulatory clarity and investor protection.

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Bankless Weekly Rollup 2nd Week of April 2023

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------ Topics Covered

0:00 Intro

4:10 MARKETS 10:00 ETH Staking https://www.rated.network/overview https://imgur.com/JyEFP6j

24:00 Gary Gensler https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=408708 27:15 Patrick McHenry https://twitter.com/BanklessHQ/status/1648359230179782656 29:50 Tom Emmer https://twitter.com/TylerSCrypto/status/1648360838544203777?s=20 35:30 Warren Davidson https://twitter.com/WarrenDavidson/status/1648379560122105882?s=20 37:20 Gary Fans https://twitter.com/BanklessHQ/status/1648365096413052928?s=20 42:20 Missing SBF https://twitter.com/sassal0x/status/1648135965456863236?s=46 43:50 ETH is Not a Security https://twitter.com/lay2000lbs/status/1648356295622422529?s=20 44:40 Republicans vs Democrats https://twitter.com/TrustlessState/status/1648365962100367361?s=20

46:30 Gensler vs Bittrex https://www.sec.gov/news/press-release/2023-78 https://twitter.com/MasonVersluis/status/1647987623670218752?s=20 50:50 SEC Crypto Regulations https://twitter.com/TrustlessState/status/1648234719081816064 51:40 Coinbase Bermuda https://fortune.com/crypto/2023/04/19/coinbase-gets-bermuda-license-plans-to-launch-offshore-exchange-in-coming-weeks/

53:30 SEC Decentralized Exchanges https://www.coindesk.com/layer2/2022/04/05/a-new-sec-definition-for-exchanges-has-big-implications-for-crypto/ 55:30 Opaque Regulation https://www.coincenter.org/a-new-sec-proposal-has-a-serious-change-hidden-within-its-complex-language/ 57:15 Hester Peirce https://www.sec.gov/news/statement/peirce-rendering-inovation-2023-04-12

1:05:00 Rocket Pool Atlas https://twitter.com/Jasper_ETH/status/1647409214027972615?s=20 https://medium.com/rocket-pool/rocket-pool-atlas-upgrade-7c69e39a3d5f https://twitter.com/drworm_eth/status/1648427406259294209?s=20 https://dune.com/drworm/rocketpool 1:09:40 Magi OP Stack Rollup https://twitter.com/NoahCitron/status/1648702968219471875?s=20 1:11:20 Uniswap Wallet https://www.youtube.com/watch?v=C74rHvKgnWU 1:12:20 Unknown Exploit https://twitter.com/tayvano_/status/1648187031468781568 1:16:45 Solana Phone https://twitter.com/solanamobile/status/1646580454768910344 1:18:35 Mattel Crypto https://corporate.mattel.com/news/mattel-creations-launches-digital-collectibles-marketplace 1:19:10 Trump NFTs https://collecttrumpcards.com/

1:20:30 1inch on zkSync https://twitter.com/1inch/status/1649050974751948800?s=46 1:20:45 Apple Savings Account https://www.apple.com/newsroom/2023/04/apple-cards-new-high-yield-savings-account-is-now-available-offering-a-4-point-15-percent-apy/ 1:22:45 Permissionless II https://www.bankless.com/join?utm_source=YouTube&utm_medium=Intro&utm_campaign=Intro_CTA1

1:27:00 Questions from the Nation https://www.bankless.com/join?utm_source=YouTube&utm_medium=Intro&utm_campaign=Intro_CTA1

TAKES 1:36:30 Mocking Crypto https://twitter.com/_blakewest/status/1646181872194703360?s=46 1:39:00 Backed by the Army https://twitter.com/bendifrancesco/status/1648767224159559701?s=46

1:40:45 What David’s Bullish On 1:42:45 What Ryan’s Bullish On

MEME of the Week https://twitter.com/BanklessHQ/status/1648442906301325314

---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures

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