Bankless

Are Democrats Against Crypto? Rep. Ritchie Torres Answers

May 11, 2023

Ritchie Torres, a U.S. Representative from New York's 15th district, champions crypto within the Democratic Party. He explores the polarized landscape of cryptocurrency legislation and the generational divides evident in Congress. Torres highlights blockchain's potential to benefit underserved communities and critiques the current regulatory environment. He also addresses the implications of central bank digital currencies and emphasizes the need for congressional oversight to safeguard civil liberties. This conversation reveals the complex interplay between politics and cryptocurrency.

32:15

Creator website

Episode guests

Rep. Ritchie Torres

AI Chapters

Episode notes

Intro

4min

Exploring the Potential of Blockchain and Crypto Advocacy

2min

Navigating Crypto Legislation and Generational Divides

12min

Exploring the Implications of Central Bank Digital Currencies

3min

Crypto, CBDCs, and Political Engagement

11min

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.

------ 🚀 Airdrop Alpha is waiting for you on Bankless.com https://bankless.cc/Alpha

------ BANKLESS SPONSOR TOOLS:

⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken

🧠 AMBIRE | SMART CONTRACT WALLET https://bankless.cc/Ambire

👻 PHANTOM | FRIENDLY MULTICHAIN WALLET https://bankless.cc/phantom-waitlist

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask

------ 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

---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.