Rep. Tom Emmer (R-MN) on FTX, the SEC, and the House Crypto Agenda for 2023 (EP.382)

Minnesota Representative and newly elected House Whip Tom Emmer joins the show for a discussion of the FTX fallout, the House hearings, the SEC’s behavior throughout the process, and developments in the House looking ahead to 2023.

• Rep. Emmer’s thoughts on the House hearing with John Ray
• How the FTX collapse was about a failure of centralization
• How the timing of the SBF arrest was not coincidental - and who had an incentive to stop SBF testifying
• Why the Bahamian authorities may not have wanted SBF to testify
• The meaning of Rep. Emmer’s march letter to Gensler and the SEC
• Chairman Gensler’s role in the FTX scandal
• Has Gensler been concealing his calendar from the public?
• Gensler’s poor track record over the crypto crisis
• Oddly close links between SEC Chair Gensler, FTX, and subsidiary exchange IEX
• House Republicans will gain the subpoena authority in the next legislative session and what they will do with it
• What are some of Emmer’s responsibilities in his new role as Majority Whip? The importance of Rep. McHenry taking charge of the House financial services committee
• What are the prospects for stablecoin legislation?
• McHenry’s likely crypto agenda for the new session
• Rep. Emmer’s commitment to financial privacy
• Senator Warren’s draft legislation and risks to the crypto ecosystem
• The importance of Rep. Emmer’s Securities Clarity Act
• Modernizing a securities regulation regime for crypto
• How are Rep. Emmer’s colleagues reacting to the FTX crisis
• The role of journalists in assessing the FTX situation

Content mentioned in the episode

• Rep. Emmer & colleagues original March '22 letter to SEC Chair Gensler
• Rep. Emmer’s annotations of the March letter in response to Gensler's criticisms