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Rep. Ritchie Torres on Why Congress Should Make Clear Crypto Laws - Ep. 524
Unchained
The Ripple Decision Protects Crypto Entrepreneurs From Arbitrary Enforcement Action
The SEC has been rightly compared to a traffic agent that is picketing people for speeding without telling them the speeding limit. Mr. Gensler indiscriminately declares that all digital assets are securities, which is the basis for his practice of regulation by enforcement. I think the crypto market structure bill would kind of make the SEC the initial default regulator and then when yeah, the assets are sufficiently decentralized, then they would be overseen by the CFTC.
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