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CoinDesk Podcast Network

BREAKDOWN: Are Gary Gensler's Crypto Battles Crossing Into Mainstream Politics?

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 23 August 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

A new op-ed in the Wall Street Journal extends the SEC head’s argument that crypto is just like any other type of financial asset.

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

Today on “The Breakdown,” NLW explores Securities and Exchange Commission Chair Gary Gensler’s latest op-ed on crypto regulation, in the Wall Street Journal. NLW also explores whether conservative accusations of overreach are moving a crypto industry battle into the political mainstream. 

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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Bill Clark-Pool/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.



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Transcript

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0:49.6

A few things to note here. First, one which we won't dwell on is that the tone of the piece

0:54.1

is incredibly patronising. It could not be clearer that to Gensler, Crypto is a bunch of

0:59.7

impudent children trying to get away with sneaking candy in his candy shop. This is, of course,

1:04.6

ultimately not that relevant. The law doesn't really care about the tone of voice people use

1:08.9

to describe the law. However, to the

1:11.3

extent that there is an objective to have a positive relationship between government and growth

1:15.0

industries, this ain't the way to do it. Welcome back to The Breakdown with me, NLW. It's a daily

1:23.4

podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

1:28.1

The breakdown is sponsored by nexo.io, chain aliasis, and FtX, and produced and distributed by

1:33.5

CoinDesk.

1:36.1

What's going on, guys?

1:37.2

It is Tuesday, August 23rd, and today we are looking at SEC Chair Gary Gensler's

...

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