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Stay Tuned with Preet

Regulating Crypto (with SEC Chair Gary Gensler)

Stay Tuned with Preet

Vox Media Podcast Network

News, Society & Culture, Politics, Government

4.832.4K Ratings

🗓️ 30 September 2021

⏱️ 48 minutes

🧾️ Download transcript

Summary

In this episode of Stay Tuned, Preet answers listener questions about the workings of the Securities and Exchange Commission, including, among other things, the overlapping jurisdiction of the SEC and U.S. attorney offices, and the difference between criminal and civil securities fraud. Then, Preet interviews SEC Chair Gary Gensler. Gensler has been at the forefront of financial policymaking for decades, including stints as the Chair of the Commodity Futures Trading Commission and as an aide to Senator Paul Sarbanes. Most recently, Gensler was a professor of global economics and management at MIT, where he taught a class on blockchain technology. Preet’s conversation with Gensler, which took place on Monday, September 27th, before a live audience at the Code Conference in Los Angeles, covers the hotly debated issues around regulating cryptocurrencies, the future of SPACs, and SEC initiatives to combat the climate crisis. Don’t miss the bonus for CAFE Insiders, where Gensler answers questions from the audience at the conference. For show notes and a transcript of the episode, head to CAFE.com. As always, tweet your questions to @PreetBharara with hashtag #askpreet, email us at staytuned@cafe.com, or call 669-247-7338 to leave a voicemail. Stay Tuned with Preet is produced by CAFE Studios and the Vox Media Podcast Network. Executive Producer: Tamara Sepper; Senior Editorial Producer: Adam Waller; Technical Director: David Tatasciore; Audio Producer: Matthew Billy; Editorial Producer: Jake Kaplan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

From Cafe and the Vox Media Podcast Network, welcome to Stay Tuned.

0:06.0

I'm Pete Barara.

0:08.0

There are a few things in finance and well when they stay outside of our public policy frameworks.

0:13.0

Public policy frameworks are financial stability, public policy frameworks in terms of protecting

0:19.0

against money laundering, tax compliance, and yes, investor protection.

0:25.0

That's Gary Gensler.

0:29.0

He has served as the chair of the Securities and Exchange Commission since April.

0:33.0

Gensler has a long history of public service, including Stintz as the chair of the Commodity Futures Trading Commission

0:40.0

and as an aid to Senator Paul Sarbanks.

0:42.0

Before heading the SEC, Gensler was a professor of global economics and management at MIT,

0:48.0

where he taught a class on blockchain technology.

0:51.0

Since taking office at the SEC, Gensler has been making headlines, especially when it comes to cryptocurrency,

0:57.0

calling it the Wild West and pledging to use the SEC's regulatory authority to its fullest extent.

1:03.0

I spoke with Gensler on Monday at the Code Conference hosted by Cara Swisher and Vox Media in Los Angeles.

1:10.0

Our conversation covered the hotly debated issues around regulating cryptocurrencies, the future of SPACs,

1:15.0

and the importance of SEC initiatives to combat the climate crisis.

1:20.0

That's coming up. Stay tuned.

1:50.0

So go on, send those antler selfies and sanitary mortgies and give those distant relays a video call.

1:56.0

Hiya, Janet and Alan.

1:58.0

Connect for less this Christmas. Search auto Christmas.

2:02.0

Auto. We're better. Connect it.

2:04.0

Plus RPI plus 3.9% 500 puns serving over 36 months and 20th December 2022.

...

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