Senator Pat Toomey's Concerns about the SEC & Crypto
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 1 December 2022
⏱️ 37 minutes
🧾️ Download transcript
Summary
We brought on our first United States senator, Sen. Toomey. He's a senator from Pennsylvania, a ranking member of the Senate Banking, Housing, and Urban Affairs committees. He's also crypto-friendly.
Hear how Capitol Hill is digesting the FTX collapse, what America's crypto competition looks like currently, and what it might look like if we still have no regulatory clarity. And finally, what you can do to impact our government's view on crypto.
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Timestamps:
0:00 The Big Picture
3:40 America's Competitors
6:10 The FTX Collapse
8:50 Crypto Sentiment in Congress
13:00 We Want Reasonable Regulation
16:53 Lack of Clarity
22:15 Fallout from Contagion
24:25 Hope for Solutions
27:48 Preventing Sloppy Legislation
31:06 Cautious Optimism
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Resources:
Sen. Pat Toomey
https://twitter.com/SenToomey
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:09.8 | Today, on the episode, we have a senator, Pat Toomey, the senator out of Pennsylvania, |
| 0:14.8 | who's also on the Senate Banking Committee, who's got some thoughts about the state of |
| 0:19.8 | crypto and the state of regulation inside the United States. |
| 0:23.5 | And what we should do about the fallout of FTX, all of that mess, Gary Gensler, the |
| 0:29.8 | SEC, and how we need to move forward both as an industry and also what the role of regulators |
| 0:35.6 | and legislators like Senator Pat Toomey need to do to help promote this industry here in |
| 0:40.5 | the United States. |
| 0:41.5 | This is a first for Bankless. |
| 0:42.6 | We've never had a senator on before, so we were honored when Pat Toomey's office reached |
| 0:46.4 | out about getting Pat onto the show. |
| 0:49.0 | So we did a 30-minute live stream where we asked some of the hottest questions that we |
| 0:52.6 | could think of to squeeze into 30 minutes. |
| 0:54.4 | I hope you guys enjoy this episode. |
| 0:56.8 | But before we get to the conversation with Senator Pat Toomey, first we're going to |
| 0:59.7 | talk about Arbitrum. |
| 1:01.4 | The Fast and Furious, layer two, with the most expansive DeFi and NFT ecosystems in all |
| 1:07.0 | of Ethereum. |
| 1:08.0 | If you haven't yet bridged over to Arbitrum, you've got to go check it out because it's |
| 1:10.8 | like using Ethereum, except everything is instant. |
| 1:14.3 | But when you use it, Arbitrum, make sure you're using a browser like Brave, which is a user |
| 1:18.3 | first browser for the Web 3 era, making sure that your digital footprint is as small as |
... |
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