This is the Cato Daily Podcast for Tuesday, June 20th,

20th, 2003. I'm Caleb Brown. How the feds treat

cryptocurrencies makes all the difference in the world for the businesses that

facilitate crypto trading.

Getting to that regulatory certainty means

understanding key differences among tokens,

trading platforms, and other related businesses.

Cato's Jack Soloway and Jennifer Schp draw out the elements that ought to define any

crypto regulation going forward. The two of you have had various

recommendations for how governments ought to treat crypto,

specifically our government, because there has been such a weird disagreement.

There have been a lot of agencies that would like to claim total

control over the regulations that govern crypto. So before we get into the

substance of our discussion today, what broadly have been those recommendations?

Absolutely, so I think you hit the nail on the head, Caleb, that up to this point and frankly

continuing in the U.S, there is a lack of regulatory certainty over the crypto spot markets.

Can crypto tokens trade lawfully in the US on exchanges based on shore in the U.S. and as you mentioned

SEC and CFTC, the Securities Exchange Commission and the Commodity Futures Trading Commission,

have been disputing jurisdiction so far in the U.S. and not making life easy for customers or developers or entrepreneurs.

And so Jen and I through a series of proposals that we've discussed previously on this podcast

would like to see regulatory clarity brought to the crypto ecosystem.

And the core recommendation that we make for how to do so is to understand the differences

...