Rep. Ritchie Torres on Why Congress Should Make Clear Crypto Laws - Ep. 524

Published: July 28, 2023, 11 a.m.

b"Crypto markets are under the gun from SEC Chairman Gary Gensler\\u2019s \\u2018regulation by enforcement\\u2019 policy. Meanwhile, a divided political landscape creates gridlock on Capitol Hill. Democratic Representative Ritchie Torres (NY-15) claims regulators have overstepped their bounds, while generational divide in the Democratic party slows appropriate regulatory legislation from passing.\\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\\nShow highlights:\\n\\nWhy stablecoins are less dangerous than fractional reserve banking\\n\\nHow the current system fails to protect retail investors\\n\\nWhy Democrats and Republicans have flipped traditional stances on regulation\\n\\nIncreased skepticism after the FTX meltdown\\n\\nRegulation by enforcement an abuse of power\\n\\nIf and when a digital asset is an investment contract\\n\\nWhat he views as Prometheum\\u2019s planned political stunt\\n\\nResolving crypto\\u2019s long term problems responsibly\\n\\n\\xa0\\nThank you to our sponsors!\\n\\nCrypto.com\\n\\nRailgun DAO\\n\\nOndo Finance\\n\\nArbitrum Foundation\\n\\nGuest\\n\\n\\xa0Ritchie Torres, U.S. representative\\n\\xa0\\nLinks\\n\\nFortune: Ritchie Torres went from crypto \\u2018newbie\\u2019 to key ally in Washington. Now he could shape the industry\\u2019s post-FTX future\\n\\n\\nNY Daily: A liberal case for cryptocurrency\\n\\n\\nCoinDesk: Rep. Ritchie Torres: We've Seen a 'Weaponization of the SEC' From Gensler Against Crypto Industry\\n\\n\\nU.S. Financial Service Committee: McHenry, Thompson, Hill, Johnson Release Digital Asset Market Structure Proposal\\n\\n\\nBloomberg Law: McHenry Says White House Torpedoed Bipartisan Stablecoin Deal\\n\\n\\nNBC: Sen. Cynthia Lummis: Crypto regulation bill could prevent another FTX-style crisis\\n\\n\\nRep. Torres\\u2019s open letter to Gensler following the Ripple decision\\n\\nRep. Torres\\u2019 speech\\n\\n\\n\\xa0\\nPreviously on Unchained\\n\\nWhy the SEC Doesn\\u2019t Want the Ripple Case to Go to the Supreme Court\\n\\nNew Order in SEC vs. Ripple Over XRP Is a Win for Crypto: What Happens Now?\\n\\nWhy the SEC vs. Ripple Order Is Now About 2 Things: Coinbase and Congress\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"