Amanda Tuminelli, a legal advocate at the DeFi Education Fund, joins Republican Congressmen Tom Emmer and Patrick McHenry to challenge the SEC's classification of crypto airdrops as securities. They argue that this interpretation misapplies the Howey test and complicates the regulatory landscape for billion-dollar airdrops. Tuminelli discusses ongoing legal battles surrounding airdrops, the SEC's shifting rhetoric, and the broader implications of these regulations on crypto innovation, emphasizing the need for clearer guidelines.

Amanda Tuminelli, Chief Legal Officer of the DeFi Education Fund, joins Republican Representatives Tom Emmer and Patrick McHenry to discuss the SEC's controversial stance on airdrops. Tuminelli argues that the SEC has overreached its definition of 'compensation' and explains the implications of their shifting language on crypto regulations. She reveals insights on their lawsuit against the SEC and suggests potential Congressional questions for Gary Gensler. The discussion highlights the confusion surrounding crypto assets and the need for clearer regulations.

In this engaging discussion, Rep. Patrick McHenry and Sen. Cynthia Lummis weigh in on the potential for cryptocurrency legislation to pass before year's end. McHenry emphasizes the urgency as election season approaches, while Lummis shares her unwavering support for advancing crypto bills. They also touch on the recent news of FTX's accounting firm reaching a $1.95 million settlement with the SEC, revealing the ongoing regulatory scrutiny in the crypto world. Tune in for insights from these key lawmakers!

Rep. Patrick McHenry, a champion for civil liberties, joins Cato's Jennifer Schulp to dissect the dangers of financial surveillance. They explore the alarming decline of financial privacy in the face of government oversight and the implications of the Bank Secrecy Act. The duo critiques the SEC's data collection efforts and advocates for robust protections amidst cryptocurrency regulation. They also highlight how decentralized finance could democratize financial access while ensuring the preservation of individual rights. A lively discussion on privacy in a digital age!

House Financial Services Committee Chairman Patrick McHenry, a strong supporter of the crypto industry, won't seek re-election. The podcast explores the impact of his retirement, the lack of clarity in the crypto industry, lobbying efforts, and the recent Binance settlement.