The Corrupting Force in Crypto

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Representative Torres: There's this corrupting force where, you know, before you get to DC, you have one vision for the world and have one set of values. And then after you get to D.C., all of that changes. Why is there a new Gary Gensler? He says when regulators act like politicians, it has a distortionary effect on industries like crypto.

Are Democrats against Crypto? That’s the question we bring in today’s State of the Nation with New York Representative Ritchie Torres.

It seems that crypto is becoming an increasingly divisive and polarized topic in the halls of Congress, and we are hopeful that we can find some common ground on both sides of the aisle.

Crypto is good for the American people. It’s as simple as that.

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------ Topics Covered

0:00 Intro 7:00 What is MEV? 13:30 MEV is Subjective 17:15 The Oil Analogy 21:15 The Benefits of Smoothing 28:35 Builders and Proposers 38:45 Forced Centralization 44:35 Rug Pool Protection 48:30 Distribution 58:20 Pros of Burning 1:05:15 Burning on Overdrive 1:09:30 Does this Hurt Stakers? 1:13:55 Too Deflationary? 1:23:30 Monetary Premium 1:28:15 EIP-4844 1:31:00 The Engine 1:35:50 Wen?

——— Resources:

Rep. Torres https://twitter.com/RitchieTorres?s=20

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