MARKETS DAILY: Featured Story | Congress Gets the Runaround From Regulators, Again
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 19 November 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
"If the broker rule proceeds as is, it will surely spell the near-total collapse of the crypto industry in the United States," writes Blockchain Association CEO Kristin Smith and DeFi Education Fund CEO Miller Whitehouse-Levine.
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Today’s featured story is an opinion piece from Kristin Smith and Miller Whitehouse-Levine, titled: “Congress Gets the Runaround From Regulators, Again,” written as part of Consensus Magazine's Tax Week.
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This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.
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Transcript
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| 0:49.5 | This episode of Markets Daily is sponsored by CME Group and PayPal. |
| 1:02.4 | Hello, this is Markets Daily from Coin Desk. |
| 1:05.3 | I'm Noel Atchison here with your featured story. |
| 1:09.9 | Today's featured story is from Blockchain Association CEO Smith, and Defy Education Fund CEO Miller |
| 1:12.6 | White House Levine. Its title is, Congress gets the runaround from regulators again. |
| 1:22.9 | We will be using Wondercraft AI voice for this episode. |
| 1:27.7 | The long-running scramble for control between America's administrative agencies and our elected representatives passed another important milestone this week. |
| 1:36.0 | As the U.S. Treasury Department prepares to finalize a new, expanded definition of who it considers to be a quote-unquote broker subject to tax reporting obligations, |
| 1:46.1 | Congress has yet another opportunity to show renewed vigor in its efforts to set clearer |
| 1:50.2 | rules across many aspects of our lives, touched by regulation, and reign in the metastasizing |
| 1:55.5 | power of administrative agencies. While the broker issue may seem narrow and important only to the digital assets industry |
| 2:03.2 | which it targets, the process from which the new definition arose illuminates the imbalance |
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