Regulating crypto: The $2 trillion Rubik's Cube

The Conversation with Dasha Burns

POLITICO

Politics, News, Government

4.0 • 1.6K Ratings

🗓️ 24 September 2021

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Crypto trading! Bitcoin! Dogecoin! Stablecoin! Even if lawmakers don't understand blockchain, Capitol Hill is finally waking up to digital currency — Congress has introduced more than a dozen bills on crypto and blockchain this year alone — as both sides of the aisle go head to head over the best way to regulate the $2 trillion market. Economics reporter Victoria Guida joins Playbook co-author Tara Palmeri to talk about lobbying around crypto and the time her dog ate her Bitcoin. Tara Palmeri is a Playbook co-author for POLITICO.Victoria Guida is an economics reporter at POLITICO. Kristin Smith is Executive Director at Blockchain Association.Adrienne Hurst is a producer for POLITICO audio.Annie Rees is a producer for POLITICO audio.Jenny Ament is the senior producer for POLITICO audio.Irene Noguchi is the executive producer of POLITICO audio. We want to invite you to take our NEW listener survey — it helps us learn more about your interests and improve our content. What do YOU want to hear from Politico’s podcasts? Let us know at https://bit.ly/3zgKB30 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The key thing to understand about cryptocurrencies is that the innovation isn't so much the cryptocurrency, but the crypto network, and really we'll see things that we can't even imagine yet, because it's gonna just move money so much more quickly than we've seen today.
0:17.0	Anyway, I think I could start over.
0:21.0	It's hard for an 80 year old.
0:24.0	The subject of today's hearing is cryptocurrency.
0:27.0	The crypto-fancy.
0:29.0	They're just creating this money.
0:31.0	I don't know where.
0:32.0	I mean...
0:33.0	The value of dogecoin.
0:34.0	Let me turn to cryptocurrency.
0:35.0	Can anybody explain that to me?
0:37.0	Could I take a shot?
0:39.0	Crypto trading.
0:41.0	Bitcoin.
0:42.0	Blockchain.
0:43.0	Dogecoin.
0:44.0	Digital currency has never been a hotter topic on Capitol Hill.
0:47.0	And that's because, well, would you call it a turning point?
0:50.0	We are at a turning point, and I think the turning point isn't so much that, you know, Congress is looking to regulate this.
0:57.0	The turning point is that the crypto community is now at a size, and crypto users are now at a size where it's a very active political force that knows how to mobilize when needed.
1:13.0	I'm Terrapal Mary.
1:15.0	This is Playbook Deep Thrive.
	...

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