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CoinDesk Podcast Network

CONSENSUS CONVERSATIONS: Lawmaker Town Hall

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 29 May 2023

⏱️ 31 minutes

🧾️ Download transcript

Summary

A Consensus 2023 panel with Sen. Cynthia Lummis and Rep. Patrick McHenry.

Amid a broad regulatory crackdown, influential members of the U.S. Senate and House share the latest on the process of writing crypto legislation and the plausible outcomes for 2023 and beyond.

Nikhilesh De, managing editor of Global Policy and Regulation at CoinDesk moderates alongside panelists:

  • U.S. Sen. Cynthia Lummis (R-Wyo.)
  • U.S. Rep. Patrick McHenry (R-N.C.)

This episode is executive produced by Jared Schwartz and edited by Ryan Huntington, with additional production assistance from Eleanor Pahl. Cover image by Kevin Ross and the theme song is "Get Down" by Elision.

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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Wondery UK. That's audible.com slash Wondery UK. My name is Nick Day. I will be your moderator as we close out Consensus 2023 with the second annual Lawmaker Town Hall.

1:15.0

Senator Lemmiss, thank you so much for joining us.

1:17.0

It's so nice to see you, Nick. Thanks for having.

1:19.7

And I believe we are waiting on Congressman McHenry, but let's get started.

1:24.2

Obviously, it's been a pretty, I would say, interesting year for the last several months in crypto.

1:29.3

One of the biggest questions that I've heard from our readers is, you know, just if you could take us behind the scenes on the dynamics in Congress and how you're looking at crypto, especially now, you know, with FTX in the rearview mirror, with the lenders in the rearview mirror and the bankruptcies.

1:46.2

As you know, not only was there the colossal FTX bankruptcy and others,

1:54.2

but now we've had a couple of major bank failures.

1:58.2

And so within the financial sector, there's been a lot of turmoil, both in

2:04.4

traditional assets and in digital assets. So that's created a little bit of reticence around

2:14.1

this subject for lawmakers. But for me and for Senator Kirsten Gillibrand,

2:21.7

who is my major Democrat co-sponsor of the Financial Innovation Act,

2:27.2

it creates the case for why we need responsible, understandable regulation of digital assets.

...

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