BREAKDOWN: CFTC Acting Chair – ‘Nearly 60%’ of Cryptos Are Commodities
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 27 October 2021
⏱️ 13 minutes
🧾️ Download transcript
Summary
Another U.S. regulator has entered the arena, trying to be the top crypto cop on the beat.
This episode is sponsored by NYDIG.
On today’s episode, NLW does an extended brief, covering:
- The CFTC Chair arguing for more power to regulate crypto
- Comments from the FDIC chair saying that banks need to be allowed to participate in crypto markets
- The latest CBDC efforts from Europe and Nigeria
- Bakkt hooks up with Mastercard
- A bitcoin ETF news roundup
- Robinhood down badly in crypto revenue for Q3
-
NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.
-
“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Exit” by Isaac Joel. Image credit: wenjin chen/DigitalVision Vectors/Getty Images, modified by CoinDesk.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Audible brings your wildest adventures to life, delivering heart-pounding thrills at the touch |
| 0:05.8 | of a button. |
| 0:07.0 | Take Richard Osmond's The Thursday Murder Club, where four retirees turned amateur sleuths |
| 0:11.8 | solve crimes in the most unexpected ways, brilliantly performed by Leslie Manville. |
| 0:17.1 | Ready to unleash your adventure aside, from pulse racing suspense to epic quests, from supernatural |
| 0:22.6 | chills to far-off romances, every story comes alive through world-class narration. |
| 0:28.5 | Explore exclusive audible originals, chart-topping new releases, and unforgettable bestsellers |
| 0:34.4 | that transport you from the very first word, because the next great |
| 0:38.2 | adventure is just a listener way. |
| 0:40.8 | Start your free 30-day trial at audible.com slash Wondery UK. |
| 0:45.6 | That's audible.com slash Wondery UK. |
| 0:53.9 | Welcome back to The Breakdown with me, NLW. |
| 0:59.0 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:06.0 | The breakdown is sponsored by Nidig and produced and distributed by CoinDes. |
| 1:12.2 | What's going on, guys? It is Wednesday, October 27th, and today we are doing an extended |
| 1:17.9 | brief style episode, a catch-up on a bunch of topics, all with relatively equal weight. |
| 1:23.5 | So let's dive in. The first topic is actually a question. |
| 1:29.0 | Should the CFTC be crypto's main regulator? |
| 1:33.3 | That's the argument of Rosten Benham, the acting chair of the CFTC, who is currently in |
| 1:38.3 | confirmation hearings to serve a full term as chair. |
| 1:41.7 | In testimony before the Senate Agricultural Committee, he said that the CFTC is |
| 1:45.9 | ready to become the primary Fed regulator for digital assets if Congress empowers them to do so. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.