Rep. Ritchie Torres on Why Congress Should Make Clear Crypto Laws - Ep. 524

Unchained

Laura Shin

News, Business News, Tech News

4.6 • 1.3K Ratings

🗓️ 28 July 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Crypto markets are under the gun from SEC Chairman Gary Gensler’s ‘regulation by enforcement’ policy. Meanwhile, a divided political landscape creates gridlock on Capitol Hill. Democratic Representative Ritchie Torres (NY-15) claims regulators have overstepped their bounds, while generational divide in the Democratic party slows appropriate regulatory legislation from passing. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: Why stablecoins are less dangerous than fractional reserve banking How the current system fails to protect retail investors Why Democrats and Republicans have flipped traditional stances on regulation Increased skepticism after the FTX meltdown Regulation by enforcement an abuse of power If and when a digital asset is an investment contract What he views as Prometheum’s planned political stunt Resolving crypto’s long term problems responsibly Thank you to our sponsors! Crypto.com Railgun DAO Ondo Finance Arbitrum Foundation Guest Ritchie Torres, U.S. representative Links Fortune: Ritchie Torres went from crypto ‘newbie’ to key ally in Washington. Now he could shape the industry’s post-FTX future NY Daily: A liberal case for cryptocurrency CoinDesk: Rep. Ritchie Torres: We've Seen a 'Weaponization of the SEC' From Gensler Against Crypto Industry U.S. Financial Service Committee: McHenry, Thompson, Hill, Johnson Release Digital Asset Market Structure Proposal Bloomberg Law: McHenry Says White House Torpedoed Bipartisan Stablecoin Deal NBC: Sen. Cynthia Lummis: Crypto regulation bill could prevent another FTX-style crisis Rep. Torres’s open letter to Gensler following the Ripple decision Rep. Torres’ speech Previously on Unchained Why the SEC Doesn’t Want the Ripple Case to Go to the Supreme Court New Order in SEC vs. Ripple Over XRP Is a Win for Crypto: What Happens Now? Why the SEC vs. Ripple Order Is Now About 2 Things: Coinbase and Congress Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	If you've been enjoying Unchained and find the discussions here fascinating, mind-blowing,
0:04.7	or as crypto tends to be, downright bonkers, please share this episode with a friend to
0:09.7	keep the conversation going.
0:15.3	Hi, everyone.
0:16.3	Welcome to Unchained, your no-hype resource for all things crypto.
0:19.4	I'm your host, Laura Shin, author of The Cryptopians.
0:23.1	I started covering crypto eight years ago, and as a senior editor at Forbes was the
0:27.1	first mainstream media reporter to cover cryptocurrency full-time.
0:30.6	This is the July 28th, 2023 episode of Unchained.
0:34.8	Undo Finance is bringing compliant, institutional-grade finance on-chain.
0:39.8	Undo is a leader in the tokenization of traditional securities, including with its roughly 5% yielding
0:45.3	tokenized U.S. Treasury's product, OUSG.
0:49.7	Ever wanted to use DeFi without being tracked, Railgun is a leading DeFi privacy solution
0:54.7	on Ethereum, BSC, Arbitram, and Polygon.
0:58.5	Shield your funds and use them privately in your favorite DeFi apps, while Railgun's
1:02.6	cutting-edge zero-knowledge system encrypts your data from public view.
1:06.6	Yes, that includes Dex Trading.
1:09.2	Visit railgun.org or use the railway app at railway.xyz.
1:13.8	With the Crypto.com app, you can buy, trade, and spend crypto in one place.
1:18.4	Download and get $25 with the code, Laura, link in the description.
1:23.8	Arbitram's leading layer-to-scaling solution offers you ultra-cheap and lightning-fast transactions,
1:29.4	all with security rooted on Ethereum.
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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