Can We Fire Gary Gensler? with Rep. Warren Davidson
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 4 July 2023
⏱️ 38 minutes
🧾️ Download transcript
Summary
Today's episode is with Representative Warren Davidson, an outspoken member of the U.S. Congress and an advocate for cryptocurrency.
In today's show, we cover:
1) Why is Rep. Warren Davidson trying to fire Gary Gensler?
2) What is the “SEC Stabilization Act?”
3) Is the U.S. losing ground to Europe, Japan, and Hong Kong? How can it catch up?
4) Does Congress care enough about crypto to do something about it? How can we change that?
As a reminder, Bankless is not a political podcast that divides on red/blue lines. We have no party affinity in the U.S. or any other nation. What we do care about is the values of decentralization, autonomy, and power to the people that underly this crypto technology. To the extent these values are political, so are we. But they don’t divide on party lines. We’ll continue to give voice to these values no matter what political party they come from.
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TIMESTAMPS
0:00 Intro
5:25 #FireGaryGensler
10:36 Why Gary Hates Crypto
14:00 How Political Governance Works
23:20 Presidential Jurisdiction
25:45 SEC Stabilization Act
31:55 Does the U.S. Have Hope?
36:09 Closing & Disclaimers
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RESOURCES
https://twitter.com/WarrenDavidson/status/1674519201170485249
https://twitter.com/WarrenDavidson/status/1668305460368121857
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures
Transcript
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| 0:00.0 | Self-custody is one of the things. If they can't cancel all of crypto, they want to make it |
| 0:04.7 | account-based because then they can control the companies more easily than they can control |
| 0:09.9 | millions of individual people. I think self-custody is really at the key to that. |
| 0:17.1 | Bankless Nation, we have an episode today with Representative Warren Davidson. He's an outspoken |
| 0:22.0 | member of the U.S. Congress and an advocate for cryptocurrency. And hey, it's 4th of July in |
| 0:27.2 | the United States. Americans call this Independence Day, so it's a good day to ask the question, |
| 0:31.5 | how do we gain our independence from unelected bureaucrats who want to stifle this industry, |
| 0:36.4 | who want to stifle cryptocurrency in the United States? Which is, at its core, a freedom technology, |
| 0:42.8 | a few questions that David and I raised today to Representative Warren Davidson. Why is Warren |
| 0:47.6 | Davidson trying to fire Gary Gensler? What is the SEC Stabilization Act? Can we stabilize this |
| 0:55.0 | institution? Number three, is the U.S. losing ground to Europe, Japan, and Hong Kong? How can it |
| 1:00.4 | catch up? Number four, does Congress care enough about crypto to do something about all of this? |
| 1:05.8 | How can we change the course? Is there good legislation coming forward in 2023 and 2024? |
| 1:12.0 | And in these divisive times, I feel the need to say another reminder before we get in. Of course, |
| 1:18.0 | even though we have a Congressman on today's episode. Bankless is not a political podcast. |
| 1:23.0 | The divides on red, blue lines. We have no party affinity in the United States or in any other |
| 1:29.2 | nation. What we do care about, though, is the values of decentralization, autonomy, and power to |
| 1:34.5 | the people that underlie this crypto technology. And so, to the extent these values are political, |
| 1:40.2 | we are also political, but we don't divide on party lines. We'll continue to give voice to crypto |
| 1:45.6 | values, no matter what political party they come from. We've had Democrat representatives like |
| 1:50.6 | Richie Torres on the podcast, and we've had Republicans on the podcast like Representative Tom |
| 1:55.0 | Emmer. And we toast to Cynthia Lumis, to Ted Cruz, they're welcome here. So is AOC and Elizabeth |
... |
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