Crypto markets are under the gun from SEC Chairman Gary Gensler’s ‘regulation by enforcement’ policy. Meanwhile, a divided political landscape creates gridlock on Capitol Hill. Democratic Representative Ritchie Torres (NY-15) claims regulators have overstepped their bounds, while generational divide in the Democratic party slows appropriate regulatory legislation from passing.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Show highlights:
- Why stablecoins are less dangerous than fractional reserve banking
- How the current system fails to protect retail investors
- Why Democrats and Republicans have flipped traditional stances on regulation
- Increased skepticism after the FTX meltdown
- Regulation by enforcement an abuse of power
- If and when a digital asset is an investment contract
- What he views as Prometheum’s planned political stunt
- Resolving crypto’s long term problems responsibly
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