Are Democrats Against Crypto? Rep. Ritchie Torres Answers
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 11 May 2023
⏱️ 32 minutes
🧾️ Download transcript
Summary
Are Democrats against Crypto? That’s the question we bring in today’s State of the Nation with New York Representative Ritchie Torres.
It seems that crypto is becoming an increasingly divisive and polarized topic in the halls of Congress, and we are hopeful that we can find some common ground on both sides of the aisle.
Crypto is good for the American people. It’s as simple as that.
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Topics Covered
0:00 Intro
7:00 What is MEV?
13:30 MEV is Subjective
17:15 The Oil Analogy
21:15 The Benefits of Smoothing
28:35 Builders and Proposers
38:45 Forced Centralization
44:35 Rug Pool Protection
48:30 Distribution
58:20 Pros of Burning
1:05:15 Burning on Overdrive
1:09:30 Does this Hurt Stakers?
1:13:55 Too Deflationary?
1:23:30 Monetary Premium
1:28:15 EIP-4844
1:31:00 The Engine
1:35:50 Wen?
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Resources:
Rep. Torres
https://twitter.com/RitchieTorres?s=20
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Transcript
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| 0:00.0 | Bangladesh Nation, we have a special episode for you today, a bonus episode. |
| 0:08.2 | The question on my mind is are Democrats for or against crypto? |
| 0:13.6 | We have Representative Richie Torres who happens to be a Democrat helping to answer that question. |
| 0:18.8 | I'm taking this episode solo today, but it is jam-packed. |
| 0:22.3 | This is our first Democratic member of Congress on Bankless, so you know we had to ask him, |
| 0:28.0 | what does he think about crypto? |
| 0:29.8 | Is it a partisan issue? |
| 0:31.7 | What does he think of Gary Gensler and CDBCs? |
| 0:34.4 | Will crypto become a 2024 election campaign issue? |
| 0:38.4 | And how about his party? |
| 0:39.4 | How about the Democrats? |
| 0:40.7 | How do we get more support for crypto among progressives and among Democrats? |
| 0:45.4 | That was the question today. |
| 0:47.4 | So yes, we are having a politician on the podcast today. |
| 0:50.8 | And I want to begin by saying this, Bankless is not a political podcast. |
| 0:54.2 | We're not red. |
| 0:55.2 | We're not team blue. |
| 0:56.2 | We don't have a party affiliation to the US or in any country. |
| 1:01.0 | What we do care about are values like decentralization, autonomy, and power to the people that underlie |
| 1:05.8 | crypto technology. |
| 1:06.8 | You've heard us talk about this before on the Bankless podcast and to the extent these |
| 1:10.6 | values are political. |
... |
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