The Chopping Block: Why Vivek Ramaswamy Wants Less Crypto Regulation - Ep. 569

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 13 November 2023

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, the gang welcomes Republican presidential candidate Vivek Ramaswamy, who discusses his mission to end the U.S. government’s regulatory overreach of the crypto industry, the parallels between crypto and the biotech industry where he came from, whether “code is law” is an appropriate framework for crypto regulation, how Bitcoin could be a check on the Fed, and how less regulation would actually lead to fewer, not more, instances of fraud like FTX. Ramaswamy is promising to release a comprehensive crypto policy plan this week. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: what Vivek thinks about crypto and why he is interested in this topic as a presidential candidate why he believes the SEC is engaging in “unconstitutional overreach” when it comes to crypto what the similarities are between early-stage biotech and early-stage crypto investing whether current regulatory requirements create a "false blanket of security" how Vivek would act to make sure the SEC doesn't overreach how the system should respond to less regulation in terms of fraud and innovation how stablecoins can reinforce the value of the dollar and Bitcoin can help discipline the Fed, according to Vivek whether Bitcoin is an asset that the Fed should buy for its balance sheet why Vivek believes it was a mistake to abandon the gold standard in the 1970s the gang's debrief of the conversation: what stood out, where they agree or disagree with Vivek their reaction to the conviction of Sam Bankman-Fried Hosts Haseeb Qureshi, managing partner at Dragonfly Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly Tarun Chitra, managing partner at Robot Ventures Disclosures Guest Vivek Ramaswamy, American entrepreneur and U.S. presidential candidate Links Fox Business: Ramaswamy woos pro-crypto voters, says he’ll build new policy framework for digital assets Axios: Ramaswamy goes after regulators at crypto event CoinDesk: Vivek Ramaswamy Is Drafting a 'Crypto Policy Framework' WSJ: Stablecoins Can Keep the Dollar the World’s Reserve Currency Decrypt: What Stops the Fed From Buying Up Bitcoin? Forbes: What Happened In 1971? Unchained: SBF Trial, Day 18: Sam Bankman-Fried Found Guilty on All 7 Counts in Swift Verdict Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	What's happening today is the assault on crypto is not coming from Congress.
0:06.1	It's coming from an unconstitutional regulatory state, particularly the SEC, that never had
0:12.0	the legal authority to take the positions that they're taking.
0:15.9	And so I can get into far more detail, but that's what animates me on this is a constitutional
0:20.0	question first, of which crypto and the crypto sector has I think have been left
0:24.4	holding the bag rather than a coming at this is a pro-cripto crusade and how do I
0:28.7	understand government it's the other way around I understand the Constitution
0:32.2	and I understand the government. Now how do we
0:35.2	look at the sectors that have been harmed? Let me understand those that I don't and that's
0:38.7	been my journey of education and understanding how it's been a wet blanket on innovation in crypto,
0:44.2	the unconstitutional overreach of the administrative state.
0:47.3	Not a dividend.
0:48.4	It's a tale of two quand.
0:49.5	Now your losses are on someone else's balance.
0:52.3	Generally speaking, aircrafts are kind of pointless anyways.
0:55.1	I made the trading firms who are very involved.
0:57.8	I like that eat of the ultimate.
1:00.0	D5 protocols are the antidote to this problem.
1:03.0	Hello everybody, welcome to the chopping block.
1:05.0	Every couple of weeks, the four of us get together and give the industry insiders perspective
1:08.6	on the cryptopics of the day.
1:10.0	For us that we've got Tom, the Defy Maven and Master of Memes.
	...

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.