BREAKDOWN: Regulators Only Have Themselves to Blame for Crypto Not Being Better Regulated

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Tech News, Business News, Daily News, News

4.7 • 698 Ratings

🗓️ 15 February 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Senate Banking Committee discussed the regulatory path forward at Tuesday’s “Crypto Crash” hearing. On Tuesday, the Senate Banking Committee held a hearing on the “Crypto Crash.” NLW discusses the opening statements of the ranking committee member and chairman, as well as the regulatory proposals put forward by witnesses. He also discusses the ruling by a U.S. judge that FTX will not have an independent examiner appointed. - Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com. - “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 sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: aleksei-veprev/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:44.6	UK. That's audible.com slash Wondery UK.
0:49.9	And then of course there's the SEC who clearly did focus on this last year, but who spent
0:54.3	all of that year making cute videos announcing that they had robbed some quarters from the
0:57.8	bottom of Kim Kardashian's purse rather than engaging substantively with any position other than
1:02.4	everything that exists in the world is a security.
1:05.5	The point is that regulation over the last couple of years didn't not happen because
1:10.2	people were yelling at regulators to not regulate. It's couple years didn't not happen because people were yelling at regulators
1:11.5	to not regulate. It's because regulators didn't regulate. Full stop. Welcome back to the breakdown
1:21.4	with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:29.8	The breakdown is produced and distributed by CoinDesk.
1:35.2	What's going on, guys? It is Wednesday, February 15th, and today we are talking about
1:39.8	yesterday's Senate crypto hearing, FTX, not getting an independent examiner, and so much more.
1:45.5	Before we get into that, however, one quick note. There are two ways to listen to the breakdown.
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