Is Crypto Already Soft-Banned in the U.S.?

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 7 April 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Wednesday, Foreign Affairs published an argument from American University professor Hilary Allen that the U.S. should consider a full ban on crypto. The argument gives explicit voice to a position that has been held quietly in the Biden Administration, and represents a ratcheting up of the rhetorical war around crypto in the U.S. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso 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. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

Click on a timestamp to play from that location

0:00.0	In the wake of one of the most tumultuous years in crypto history, the conversations happening at Consensus 2023 have never been more timely and important.
0:09.2	This April, CoinDess is bringing together all sides of the crypto, blockchain, and Web3 community to find solutions to crypto's thornyest challenges and finally deliver on the technology's transformative potential.
0:19.3	Join developers, investors, founders, brands, policymakers, and more in Austin, Texas, April 26th to 28th for Consensus 2023.
0:26.9	Listeners of the breakdown can take 15% off registration with code breakdown.
0:31.4	Register now at consensus.coindus.com and join CoinDesk at Consensus 2023.
0:47.2	Welcome back to The Breakdown with me, NLW.
0:53.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:56.6	The breakdown is produced and distributed by CoinDes. The breakdown is produced and distributed by CoinDes.
1:04.3	What's going on, guys? It is Thursday, April 6th, and today we're discussing whether crypto is already soft banned in the U.S.
1:08.9	Before we dive into that, if you are enjoying the breakdown, please go subscribe to it,
1:12.1	give it a rating, give it a review, or if you want to dive deeper into the conversation,
1:15.4	come join us on the Breakers Discord.
1:17.1	You can find a link in the show notes or go to bit.ly slash breakdown pod.
1:20.9	All right, friends, today we are exploring a really interesting thesis
1:24.2	that while crypto and Bitcoin are nominally legal in the U.S., there is effectively
1:30.0	a soft ban on them that has much the same effect that any real ban would.
1:35.1	The context for this exploration is a piece that came out in foreign affairs yesterday.
1:39.5	Professor Hillary Allen published an article entitled The Case for Banning Crypto, and it's
1:44.1	pretty much
1:44.6	exactly what it sounds like. It is a full-throated defense of an explicit total crypto ban
1:50.3	rather than the half measure of implicit regulatory restriction. Now, to understand the context
1:56.2	of who this person is, Alan is a law professor from the American University Washington College of
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.