Caroline Pham, commissioner at the Commodities Futures Trading Commission, discusses how we should build a regulatory framework for crypto assets, whether the SEC and CFTC should work together, what were the consequences of the Terra collapse, and much more. Show highlights:
- how Cmr. Pham got started in crypto and became a CFTC commissioner
- the importance of the regulatory strategy around crypto
- what crypto’s role is in the financial system
- how bitcoin is a sort of money outside of the traditional financial system
- how friendly regulators should be with the industries they regulate
- why she believes transparency is one of the greatest ideals of American democracy
- how Cmr. Pham believes in self-determination and the power of free markets
- why Cmr. Pham published an op-ed with SEC Commissioner Hester Peirce
- how the Terra collapse incentivized regulators to look deeper into the space
- whether the US approach towards regulation can improve
- the role of the regulatory agencies in making the US the financial leader of the world
- what Cmr. Pham thinks about the new Gillibrand and Lummis bill
- whether SEC Chair Gary Gensler is right about the majority of cryptos being securities
- what are the low-hanging fruit opportunities for regulators when it comes to crypto
- how Cmr. Pham believes we should have a global regulatory framework for crypto
- why she believes algorithmic stablecoins are derivatives
- why things like Terra could act as a “shadow banking 3.0”
- whether there is a way to regulate without having intermediaries
- what Cmr. Pham thinks about FTX proposal to bypass futures commission merchants
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021
Beefy Finance: https://beefy.finance/
EPISODE LINKS
Caroline Pham
Stablecoin regulation
FTX proposal to serve as the trading engine for derivatives:
Hester Peirce
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