BREAKDOWN: How the Sanctions Hearing Helped Democratic Senators Understand Crypto
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 19 March 2022
⏱️ 16 minutes
🧾️ Download transcript
Summary
A panel of experts explained that crypto was doing more to undermine Putin than help him.
This episode is sponsored by Nexo.io, Arculus and FTX US.
On this edition of the “Weekly Recap,” NLW discusses a set of regulatory discussions happening around crypto this week, including:
- A letter from eight congressmen asking the SEC for clarity around its crypto enforcement practices.
- Thursday’s crypto sanctions hearing.
- New legislation from Sen. Elizabeth Warren that would give the Treasury sweeping powers around crypto.
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Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka 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 “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Tom Williams-Pool/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.1 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:15.0 | The breakdown is sponsored by nexo.io, Arculus, and FtX, and produced and distributed by CoinDesk. |
| 0:22.8 | What's going on, guys? It is Saturday, March 19th, and that means it's time for the weekly |
| 0:27.9 | recap. Before we get into the weekly recap, however, if you are enjoying the breakdown, |
| 0:32.6 | please go subscribe, rate review, you know the schick. And if you want to talk about these |
| 0:37.3 | topics or really anything |
| 0:38.5 | else, come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly |
| 0:43.8 | slash breakdown pod. Also a disclosure as always, in addition to them being a sponsor of the show, |
| 0:50.3 | I also work with FTX. Finally, one more quick note before the show starts. If you haven't bought |
| 0:57.3 | your tickets yet, I highly suggest you check out CoinDesks Consensus 2022, which this year is happening in |
| 1:04.7 | Austin, Texas, between June 9th and June 12th. The event has voices and topics representing a huge cross-section of the |
| 1:12.0 | crypto space. You've got your ZZs and SBFs, but also Punk 6-529 and Kathy Wood. It should be a |
| 1:19.6 | really, really good time. If you're interested, you can use code breakdown for 15% off your |
| 1:24.9 | ticket. Check out coindesk.com slash consensus 2022. |
| 1:30.3 | All right, weekly recap time, and this week we have a fair bit of regulatory intrigue to catch up on. |
| 1:37.3 | First, there has been a growing tension between congressional blockchain advocates and the SEC. |
| 1:43.0 | Tom Emmer and seven other congressmen sent a letter to Gary Gensler and the SEC. Tom Emmer and seven other congressmen sent a letter |
| 1:46.3 | to Gary Gensler and the SEC this week. He wrote on Twitter, My Office has received numerous |
| 1:51.9 | tips from crypto and blockchain firms that SEC chair Gary Gensler's information reporting |
| 1:56.3 | requests to the crypto community are overburddensome, don't feel particularly voluntary, |
| 2:02.0 | and are stifling innovation. |
... |
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