Rep. Emmer on Why He Believes Gary Gensler Is a ‘Bad-Faith Regulator’ - Ep. 478

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 7 April 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Amidst a wide-ranging crackdown on all kinds of crypto players, Representative Tom Emmer talks about recent enforcement actions, the classification of cryptocurrencies as securities or commodities, the potential impact of US regulatory actions on the country’s global economic power, and the Federal Reserve's upcoming payment system. He touches on the importance of innovation and entrepreneurship in the crypto industry and the role of government in fostering these developments. Show highlights: why Rep. Emmer thinks there's an operation to cut crypto off from the banking system how, as he puts it, Sen. Elizabeth Warren has been 'dancing on the grave' of the recent banking failures how the interest in crypto in Congress has changed over time, especially after the Infrastructure bill in 2021 whether the CFTC lawsuit against Binance represents an "appropriate" use of enforcement actions why Rep. Emmer says that bureaucrats are trying to polarize blockchain technology how the US’s attitudes toward crypto could affect the country’s global power why he is against FedNow, the new Federal Reserve's payment system Thank you to our sponsors! Crypto.com Railgun DAO Guest Congressman and House Majority Whip Tom Emmer Previous appearances on Unchained: Rep. Tom Emmer, One of the Most Active Crypto Congress Members, on Taxes and DeFi Links Operation Choke Point 2.0: Coverage of Unchained Podcast on the topic: Is the Government Trying to Kill Off Crypto in the US? Operation Choke Point 2.0 Is Underway, And Crypto Is In Its Crosshairs Enforcement actions Unchained: CFTC Sues Binance and CZ Over US Regulatory Violations SEC Issues Coinbase a Wells Notice Coverage of Unchained Podcast on the recent regulatory crackdown: Why the CFTC Case Against Binance Will Have Very Important Consequences for Crypto Coinbase’s Top Lawyer Calls SEC Wells Notice a ‘Massive Overreach’ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi, everyone. Welcome to Unchained, your no-hi resource for all things crypto. I'm your host,
0:09.2	Laura Shin, author of The Crypto Beans. I started covering crypto seven years ago and as a senior
0:14.5	editor at Forbes was the first mainstream media reporter to cover cryptocurrency full-time.
0:18.6	This is April 7, 2023, episode of Unchained. With thecrypto.com app, you can buy, earn,
0:24.9	and spend crypto in one place. Download and get $25 with the code Laura, link in the description.
0:32.9	This episode is brought to you by Nike. It's packed to school season, and you and your child might
0:38.4	be feeling a bit anxious. As a parent, you're the best teammate for your mini-me, and together,
0:43.9	you can use sport to help overcome anxiety. Try something new as a family and celebrate even
0:49.4	the little wins you achieve on the journey. Create long-lasting memories that will take your kids
0:54.3	from class to court and beyond. Go to Nike.com, forward slash kids to get school ready.
1:24.3	Current account. If they aren't working for you anymore, maybe it's time to switch with the
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1:35.6	DeFi privacy solution on Ethereum, BSE, Arbitram, and Polygon. Shield your funds and use them privately
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1:47.7	public view. Yes, that includes dextrating. Visit railgun.org or use the railway app at railway.xyz.
1:55.4	Today's guest is Congressman and House Majority Whip, Tom Emmer. Welcome, Representative Emmer.
2:00.8	Good to see you, Laura. Great to be with you. You said on the bank list,
2:04.2	podcast recently, that you believe the government is trying to enact an Operation Chokepoint 2.0
2:10.4	to cut crypto off from the banking system. What do you as a Congressperson plan to do about it?
2:16.4	Well, we've got to continue to raise awareness, Laura. If you look, literally, we had people telling
2:23.6	us that they've been running into problems trying to bank crypto. This has been an ongoing problem,
2:30.3	especially under this administration, but let's not kid ourselves. It's been there for a while,
	...

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