BREAKDOWN: Regulators Only Have Themselves to Blame for Crypto Not Being Better Regulated
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 15 February 2023
⏱️ 18 minutes
🧾️ Download transcript
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.
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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 sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: aleksei-veprev/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 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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