Why Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto - Ep. 399

Published: Sept. 23, 2022, 8:30 a.m.

b"Pat Toomey, U.S. Senator for Pennsylvania, talks about legislation in the crypto industry, how to determine if something is a security, the future of CBDCs, and much more.\\xa0\\n\\nShow highlights:\\n\\nthe structural differences between crypto tokens and securities\\n\\nwhy Sen. Toomey is demanding crypto legislation\\n\\nwhy \\u201cregulation by enforcement\\u201d does not provide clarity\\n\\nhow to determine if a token is decentralized\\n\\nwhether proof of stake consensus turns tokens into securities\\n\\nSen. Toomey\\u2019s take on the new framework for stablecoin regulation\\n\\nwhether it is appropriate to ban algorithmic stablecoins\\n\\nthe importance to make disclosures so that regular users understand the risks of crypto\\n\\nhow the collapse of Terra and other crypto companies like Voyager and Celsius affected lawmakers\\u2019 perception of crypto\\n\\nwhether the US Treasury made a mistake with the Tornado Cash sanctions\\n\\nwhat the government should take into account in regards to a central bank digital currency (CBDC)\\n\\nwhy he believes the White House reports on crypto are not helpful and whether entrepreneurial talent is migrating to other countries\\n\\nthe likelihood of any of the crypto bills passing soon\\n\\n\\n\\nThank you to our sponsors!\\n\\n1inch\\nCrypto.com\\nMessari\\nSen. Toomey\\nTwitter\\xa0\\n\\nPrevious Coverage of Unchained on regulation:\\n\\nCongressman Ro Khanna: How to Get More Democrats into Web3\\n\\nThe Legal and Regulatory Fallout From Terra\\u2019s Collapse: Who Will Pay?\\n\\nWhy the Crypto Industry Believes SEC Regulation by Enforcement Hurts US Consumers\\n\\n\\n\\nSEC Views\\nGary Gensler\\u2019s comments on PoS tokens\\nSen. Toomey\\u2019s opinion\\n\\nWhite House Reports\\n\\nStablecoins\\n\\nStablecoin Draft Bill\\n\\nBloomberg article: Senator Pat Toomey Still Sees Chance of Stablecoin Legislation This Year\\n\\n\\nSen. Toomey\\u2019s framework for payment stablecoins that he released last spring\\n\\n\\nTornado Cash\\n\\n\\nTreasury Press release\\xa0\\n\\nPrevious coverage of the Tornado Cash Sanctions on Unchained:\\n\\n\\nIs TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No\\xa0\\n\\nTornado Cash Sanctioned. Did the Government Overstep Its Bounds?\\n\\nThe Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?\\n\\nGiven the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?\\n\\nPreston Van Loon on Ethereum's Merge and His Lawsuit Against Treasury\\n\\n\\nIan Balina charges\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"