Bite-Sized Business Law Donna Redel on Regulating Crypto
On this episode, business and regulatory expert Donna Redel joins us to discuss the messy and debated business of regulating crypto. Donna is the former Managing Director of the World Economic Forum and the first woman to chair the United States Commodity Exchange. She co-founded the Fordham Law Blockchain Regulatory Symposium and teaches cryptocurrency and blockchain as an adjunct professor at Fordham Law. During today’s discussion, Donna shares the story of her initial introduction to the world of cryptocurrency and her thoughts on the relationship between big banks and digital assets. We unpack the SEC’s issue of a Wells notice to Coinbase and its implications, along with coin classification by the SEC. Donna shares her perspective on the fraudulent FTX scam and provides some advice on essential things to consider when you custody assets. We compare US regulations with those of the EU, touch on offshore trading, and talk about gender inclusivity in the digital assets realm. Tune in today to hear all this and more!
Key Points From This Episode:
- Today’s topic: regulating cryptocurrency.
- What first sparked her interest in cryptocurrency.
- The relationship between big banks and cryptocurrency.
- Why it is necessary to create clarity around jurisdiction regulations.
- Reasons behind the SEC’s issue of a Wells notice to Coinbase.
- Which coins are commodities according to the SEC.
- Why Donna is in support of a crypto-specific regulatory regime.
- Progress in regulation since the infrastructure bill.
- Donna’s thoughts on the FTX scam.
- Essential things to do when you custody assets.
- How crypto can provide protection and facilitate remittances.
- The impact of introducing real-time settlement.
- Dollar supremacy and digital assets.
- The European Union’s comprehensive regulatory structure.
- Navigating fears around offshore trading.
- The gender disparity in the field of cryptocurrency.
- Why Donna believes that there is always room for more women.
Links Mentioned in Today’s Episode: