Breaking Down the Crypto Regulatory Environment In the USA
Public Key
Are Cryptocurrencies on the Radar of Compliance?
As you were leaving FinCEN and even the time at FINRA, was crypto on the radar for you at all? Or was it all much more traditional kind of fiat money laundering? It was all traditional. The first that probably along with a lot of people that I became aware of it was Liberty Reserve and those big criminal cases that were using Bitcoin.
Breaking Down the Crypto Regulatory Environment In the USA
With the action picking up in the White House and across the regulatory landscape in the USA, in this episode of Public Key, Ian Andrews ( (Chief Marketing Officer, Chainalysis) has a deep discussion with former regulator, Alma Angotti, who is now Partner, Financial Services Global Legislative and Regulatory Risk Leader at Guidehouse.
Alma goes through her career working at the SEC, FINCEN and FINRA, and gives us her unique insights as to why regulators have to be cautious when approaching crypto and innovation. Ian and Alma have the age-old debate as to whether crypto is a commodity or a security and the impact that would have on regulatory oversight by the CFTC and SEC.
Alma even throws in a twist in the Tornado Cash saga and explains why the Department of Commerce could have taken the lead on the sanctions of technology and provides some possible outcomes to the situation.
Minute-by-minute episode breakdown
(3:05) – What is Guidehouse and Alma’s first interaction with cryptocurrency
(5:50) – Why governments have to be careful not to come in too hot with crypto regulations
(10:20) –Traditional Financial Institutions and how they are entering the crypto ecosystem
(13:30) – The role that the various USA regulators play in the oversight of digital assets
(17:25) –The burning debate of whether cryptocurrency is a commodity or a security
(24:25) –Why the Department of Commerce should taken the lead to sanction decentralized mixer, Tornado Cash
(29:35) - The balance between privacy and compliance and the role CBDCs could play in the USA financial ecosystem
- (3:05) – What is Guidehouse and Alma’s first interaction with cryptocurrency
- (5:50) – Why governments have to be careful not to come in too hot with crypto regulations
- (10:20) –Traditional Financial Institutions and how they are entering the crypto ecosystem
- (13:30) – The role that the various USA regulators play in the oversight of digital assets
- (17:25) –The burning debate of whether cryptocurrency is a commodity or a security
- (24:25) –Why the Department of Commerce should taken the lead to sanction decentralized mixer, Tornado Cash
- (29:35) - The balance between privacy and compliance and the role CBDCs could play in the USA financial ecosystem
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
- Blog: Breaking Down the White House Framework on Crypto
- Article: October is now the biggest month in the biggest year ever for hacking activity
- Blog: Managing Financial Crime Risk in the “Wild West”
- Blog: Crypto Criminals Can’t Hide—Investigative Blockchain Technology Sniffs Out Illicit Activity
- Blog: New NYDFS Guidance Emphasizes Need for Blockchain Analytics
- Blog: White House Sets Stage for Responsible Digital Asset Innovation
**It is noted that Guidehouse is a Partner of Chainalysis
This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.
Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.
Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.
Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.
The AI-powered Podcast Player
