#1236 Caitlin Long on the Fed and Bitcoin ETFs
The Pomp Podcast
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The Importance of Federal Reserve and SEC for Bitcoin
The guest discusses the crucial role of the Federal Reserve and Securities and Exchange Commission in the American financial system for Bitcoin and cryptocurrencies, emphasizing the significance of US dollar access. The chapter explores lawsuits challenging access to a master account at the Federal Reserve and the concept of a bank existing without federal oversight. It also touches on the Biden and Obama administrations' hostility towards the crypto industry and the potential opening of doors for the industry through the Fed's novel activity supervision program.
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